Re: TIME FOR A NEW STRATEGY
in response to
by
posted on
Jan 31, 2020 03:07PM
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%)
Hiding is no longer an option now that Teck has completed this level of evaluation. They have updated economics with 2018/2019 optimizations. I think the sign off is figurative, not literal, as the 2019 work is a "conceptual study". More likely they mean Teck's management have reviewed the work and agree this is their current view of SC, for internal use only. Copper Fox now has to announce something that will support the share price, not continue to destroy it as they have done for 6 years.