Re: News! Very interesting
in response to
by
posted on
May 13, 2018 08:48PM
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%)
We've read that except for 5 years now and you're promoting it like no one was aware of it. If we sell to a third party for a good price then presumably they will be positioned to provide their own financing. If we sell to Teck then the financing offer adds no value to CUU. It only has value if Copper Fox wants to participate in a mine, which is years away. You're just repeating the same line from Elmer which has brought us to a 10 cent share price. What we need are signs of development activity at SC. I mentioned that Teck was providing the loans but I guess you missed that part. Did you read how much of the operating profits Teck will get until the loans are paid off and other financing conditions in the fine print? I don't think the financing means much as I expect they will sell SC long before that issue comes up.