Re: Asset sale in progress?
in response to
by
posted on
Mar 21, 2020 10:11PM
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%)
Let's say the previous agreement would have been enforced and Teck would have funded 60% of the project, where would Copper Fox have found +300M to finance the balance?
Only way I see is selling a portion of our 25%... possibly 30% to 50%?
MoneyK