Re: Copper Fox time for an update!
in response to
by
posted on
Aug 13, 2020 05:23PM
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%)
Teck does not walk away. When it does not suit them, they simply sell. Take a look at the Zafranal project. The whole project is probably smaller than our 25% and they are seeking for something like $500M US.
MoneyK