Re: Copper Fox time for an update!
posted on
Aug 13, 2020 02:48PM
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%)
Report doesn't dictate what they will pay.
the number in the FROO would already been discussed prior to its issuance to Teck. You wouldn't give them a $2 offer when they tell you we'd only pay .50c.