Re: Incremental demand for copper in China
posted on
Jan 05, 2017 03:20PM
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%)
"But not to worry CUU shareholders, according to Elmer's News Releases a Schaft Creek production decision will come by 2011."
Hang in there Golf. If the production decision doesn't come by 2011, Copper Fox will surely monitize this project in 2014, as per Copper Fox's Message to Shareholders:
"Copper Fox plans to look at various strategies in which to monetize its 25% interest in the Schaft Creek project in 2014"