Re: While we wait...
posted on
Jun 16, 2020 12:00PM
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%)
A 2019 report that puts a current value on SC, probably several multiples than the value back in 2013 FS, imo. ROFO is a great tool for us to push TECK into making a decision to buy us or not, tool that is extremely important now that we have a new value assigned to SC, based on numbers that TECK calculated themselves.
Unsupported, unsupported, unsupported. Let's break this out:
A 2019 report that puts a current value on SC,
There exist no such report = unsupported
probably several multiples than the value back in 2013 FS, imo.
"probably"? "imo"? = unsupported
ROFO is a great tool for us to push TECK into making a decision to buy us or not
Without a 43-101 complaint Bankable Feasibility Study it is nothing. Otherwise they would have enacted it years ago. Great tool? Not without someone convincing in the CEO seat with the skill set to sell the asset's value to competing bidders BEFORE you enact ROFO. Unsupported.
,tool that is extremely important now that we have a new value assigned to SC, based on numbers that TECK calculated themselves.
We DON"T have a new value assigned. Unsupported statement. They halted the stock over a PEA update on Van Dyke so they would have to halt the stock on credible optimization numbers on Schaft Creek. They would have to declare that although they cannot publish such commercial value improvements without a 43-101 that the Teck-improvements,, once 43-101 certified, would represent a material change in the commercial value of Copper Fox.
Sorry rosy-posy dude, but you are the source of unsupported and unwarranted optimistic statements. Shame on you!
;)
oh yeah almost forgot..... LOL