Re: Copper Fox announces a $2,500,000 Private Placement Unit Offering, insider commi
posted on
Feb 22, 2013 03:03PM
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%)
Hi, Meta:
Called the office, the majority of this is for the environmental assessment applications, keeping current day to day expenses going.
I would consider the EA application as an eligible expenditure under the 4 x agreement. While I don't like seeing more PPs, I do like how they are advancing this so as to be attractive to TCK.
Looking forward to hearing about outcome of TCK/CUU discussions.
Have a great weekend. SF