Re: Real News
posted on
Mar 30, 2016 03:44PM
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%)
>Teck is not contractually required to spend anything, but if they do not propose a work program of at least $500,000, then Copper Fox is free to proceed with any size program of their choosing greater than $500k. That would be on own dime IIRC, so maybe someone can confirm. I'm too much in shock right now to revisit DD.<
Well should Copper Fox carry on exploring it sure would be an improvement over the efforts Teck has been putting into this project for the last 30 years.
Seems as though they just backed in to shut us down. (could of done that a few years ago).
The executive of that company has given numerous speeches about the upcoming copper shortages. Do they really beleive that or are they just babbling fools.