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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%)

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Message: Need to know

https://agoracom.com/ir/CopperFoxMetals/forums/discussion/topics/722228-in-the-green/messages/2220363

As I posted back in 2019 and -gasp!- years earlier (sorry, couldn't find my original post), when the time comes, Teck and CUU could enter into a "review" of data which could be a cover of data material to CUU regarding the value and sale of Schaft. Until such "review" was completed, they don't have to make it public. In the meantime negotiations are happening, based on the "data".

What ended up happening is that it wasn't data from Teck, it was CUU's commissioned PEA of Schaft that is being "reviewed". Yes, they want to get it right because any deal with Teck and a new partner will be based on it but this is simply taking too long. I suspect (hope!?) that negotiations are happening behind the scenes as this was a reasonably forseeable way to play things out while not making the "data" material to CUU public just yet. They better be!

K

 

 

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