Re: Copper Fox time for an update!
posted on
Aug 12, 2020 03:23PM
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%)
No discord it was just sloppy on the warrants.
they can't approach anyone else for a sale they have no formal document and won't spend the money to do one.
thought is Teck would never let someone take our 25%. The jv deal sucks but the clause Teck has to pay all to production. That is a sweet deal and a major would love to have it.
putting Teck on the clock in my mind is our only option.
focus is on what we control 100% of south of the border.
we need to apply pressure to hire a bank to sell the US assets.
make yourselves heard at the agm.