posted on
Feb 07, 2013 11:02AM
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Welcome To the Copper Fox Metals Inc. HUB On AGORACOM
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: Re: Not Good
There is certainly a pall over the board this morning as some of our more knowledgeable folks have driven home the reality of the dismal economics that have been certified in the FS
We all are aware of the potential shortfalls in the FS and some of the remedies
But the reality stares us in the face
And no amount of hand holding phone calls will make a bit of difference to the realities
Management made a a significant error in not properly sampling the inferred material to qualify it for inclusion in the BFS
Why this relatively inexpensive task was overlooked is an open question
What is even more puzzling is why a drill program to immediately, at first drill oppportunity, enter the area specifically to upgrade the alleged inferred, now classed as waste, has not been announced
Certainly causes one to wonder what were the thought processes that went into not drilling it before and why we have not declared it a pressing priority now
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