Re: Asset sale in progress?

Welcome To the Copper Fox Metals Inc. HUB On AGORACOM

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%)

Reply New Message

Prev Message Back To Forum Threaded View Next Message

MoneyK

Rank: Treasurer [?]

Points: 8673 [?]

Votes: 62 Score: 2.5 [?]

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.)

Re: Asset sale in progress?

posted on Mar 21, 2020 04:48PM

We did provide Teck with a positive FS, but if my previous rough calculation is somewhat accurate, "their" portion of the project did not seem to generate much buffer for phase 1. Our 25% seems more lucrative and with no risk.

Sometimes, I'm wondering if it was not strategic to provide them something very limit and hope they will not take the 75%.

The revised FS should improve Teck numbers significantly and give them a solid case to invest in Schaft Creek phase 1. IMO.