Re: TIME FOR A NEW STRATEGY
in response to
by
posted on
Jan 29, 2020 12:58PM
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%)
I asked this question a while back and I believe the answer was around 1 million to produce a 43-101 document, but don't take that for cash, it was a long time ago. Also, it was not worth to produce and spend all this time and money knowing that the project is advancing at a faster pace. Once the report would be ready, it would most likely already out-dated. Don't believe Copper Fox needs a 43-101 to sell the asset, even to a third party.
MoneyK