Agoracom: Small Cap Investment - Copper Fox Metals Inc. - Re: Copper Fox Announces Expanded Copper-Molybdenum Footprint at Mineral Mountain

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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%)

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Copper Fox Announces Expanded Copper-Molybdenum Footprint at Mineral Mountain

cml17

Mar 02, 2017 07:38AM

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Re: Copper Fox Announces Expanded Copper-Molybdenum Footprint at Mineral Mountain

in response to

Copper Fox Announces Expanded Copper-Molybdenum Footprint at Mineral Mountain

cml17

posted on Mar 02, 2017 10:14AM

While all of this and the Arizona properties are interesting, our main focus must be to monetizing Schaft Creek. We really don't have any money to develop these properties in any significant way. We need a production decision (another $20M as per the JV) or we need to sell Schaft to Teck.