Re: Quellaveco vs Schaft Creek
posted on
Feb 18, 2012 10:36PM
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%)
Ok my bad I couldn't find the updated 2010 info. Ok so they have roughly the same grade as us 0.46% Cu Eq vs 0.45% Cu. with a worse off jurisdiction etc. I still don't think we're worth DOUBLE the price for the same grade (hence the wager)
I see you're still not giving us any credit for the higher grade starter pit and all our recent results..All of which are way above 0.45 CuEq. It's all assayed and proven.
http://www.copperfoxmetals.com/s/Image.asp?i=maps/Interpreted-Cross-Section-6360650mN-November-2011.JPG&id=491789
http://www.copperfoxmetals.com/s/Image.asp?i=maps/Interpreted-Cross-Section-6360800mN-Nov2011.jpg&id=491224
http://www.copperfoxmetals.com/s/Image.asp?i=maps/Interpreted-Cross-Section-6361000mN-Nov2011.jpg&id=491223
(Much cleaner project (strip ratio)...I'll give you that cuz I'm too lazy to research it)
Yeah well don't worry Teck and other majors aren't so lazy..
You can keep playing ostrich...It won't affect my bank account...
The fact is the Japs had a bidding war for a 18% stake in a much inferior copper deposit in Peru and almost paid 1 billion for it.