posted on
Feb 11, 2016 05:31PM
Welcome To the Copper Fox Metals Inc. HUB On AGORACOM
CUU own 25% Schaft Creek: proven/probable min. reserves/940.8m tonnes = 0.27% copper, 0.19 g/t gold, 0.018% moly and 1.72 g/t silver containing: 5.6b lbs copper, 5.8m ounces gold, 363.5m lbs moly and 51.7m ounces silver; (Recoverable CuEq 0.46%)
Message: Re: Teck
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Feb 09, 2016 10:52AM
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Feb 09, 2016 12:28PM
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There is really no choice for CUU other than to survive financially until conditions occur that would trigger a sale of SC. If the same pattern is followed as the last two years then CUU will announce soon that a JV meeting was held in January and then a final decision on the JV plans for the year will be forthcoming after a review of the optimization results. Teck typically releases the annual information form with the reserve/resource update in early March on SEDAR and the JV usually announces the plan for the year in mid March.
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