Re: News! Very interesting
in response to
by
posted on
May 10, 2018 10:50AM
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%)
This is a professional firm with many large clients.
Recently, Midas Gold got 38 million for 20% in their company by Barrick, giving an overall value of over 200 million. Copper Fox is more valuable if you look at all assets. Bodes well for us.
Also something to consider on today’s news is, Elmer may have needed to obtain a IR firm as he is no longer able to speak with the public due to insider info like negotiations. Remember, the JV discussions were 6 months long just like the contract of today’s newly announced firm who will now represent the company. Could be funny coincidence :)