Re: Spoke to Cathy
in response to
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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%)
Message: Re: Spoke to Cathy
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I feel the same.
From day 1, Elmer states that Schaft Creek is a mine that they cannot take into productions and he believes only a few miners in the world and that Teck is one of them.
So...
we got teck backing into this project. paid $20 million to CUU and $40 remaining.
Teck is putting $15-20 million in drilling as well.
If anyone tells you that Teck doesn't intend on developing SC, why the heck are they drilling at all then? The fact that Teck is an active operator of SC right now, it shows how interested they are in wanting to get the results asap and get commercialization going.
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