Re: Copper Fox Updates Permitting Process on Van Dyke Copper Deposit
posted on
Sep 21, 2017 01:59PM
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%)
Agree Chunky about as clear as mud as to our direction.
After the Security Commisons audit on us I know the management has to release all news good or bad to the share holders which this news doesn't look great but one has to remember the copper at Van Dyke is in the ground and not a surface project. From my understanding this news release shouldn't effect the interested parties from looking at the project.
It does seem for every step forward we take two steps back, man we all have leather skin at this point. It makes one wounder if TECK is putting us through the ringer at full tilt to see if we break.
I'm still hoping for a positive out come by year end but not counting on anything. The last thing I want to see is further dilution to keep the lights on. Hurry up & wait is our motto.
LS