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%)

Free
Message: Re: 171 MT of waste rock...Real value is...

Im assuming its slide 15 we are talking about?

=================

Economic enhancements:

Upgrade Inferred Mineral Resource located within pit shell.
The pit shell contains 171.2 million tonnes of inferred
resource grading: 0.25% copper, 0.16 g/t gold, 0.018%
molybdenum and 1.58 g/t silver (NSR of $US24.88/t) which for
purposes of the feasibility study were treated as waste rock (@
zero value)

================

Is this an item on the "to do" list or completed? A better word to lead off the sentence would have been "Upgraded" if it has been?

Its always been inferred and until it no longer is inferred it still is waste rock - at least thats how I understand it?

Isn't this still the massive failure of the original BFS - has it changed status or not? If its been upgraded I would have expected a NR as that would be a very material change in value of the project. A stock halting magnitude of change.

I don't think they could get away with just putting a slide in a presentation.

I think nothing has changed regarding the waste rock IMHO, just been reworded and misinterpreted.

Share
New Message
Please login to post a reply