Re: News! Very interesting
in response to
by
posted on
May 13, 2018 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%)
What I find interesting is that CF/Elmer are taking such a passive approach to both the Arizona properties and Eglehead. We didn't raise enough money and Carmax didn't raise nearly enough of the 4.9 million to do the big drill program they where talking about,Elmer told me that SC will be top priority now to finish off the desktop work. July 16 will be 5 years since the JV and Teck has to let the Liard shareholders know if SC is Economical which will get a production decision.I wonder if they are working on a deal for the whole company we have a lot of other copper besides SC,Teck or another large produce could always prove up Arizona and Eaglehead and either keep them or sell if they wish.Something is brewing perhaps.