$2,500,000 PP
posted on
Feb 23, 2013 09:57AM
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%)
Thinking about this last night...using EA as a reason imo is overdone in terms of past PP reasons. Unlike many companies, CUU has had a huge advance on the EA process, they've been on it since 2005.
http://www.copperfoxmetals.com/s/SchaftCreek.asp?ReportID=209031&_Type=Schaft-Creek-Project&_Title=Environmental-Assessment
They can't use the Feasibility excuse anymore because that's done.
NTL is a must, alot of competition up there to secure power and if you have a spot you want to keep it and that costs money, remember I spoke of conductivity studies......
But I wouldn't be surprised one bit if they're taking advantage of current market conditions and making another acquisition on the cheap like they did in AZ....