Re: $2,500,000 PP
in response to
by
posted on
Feb 23, 2013 06:16PM
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%)
If Teck wanted to take control of more area near Schaft Creek would they not be better off to do that through a less profile company like CUU. Once they back into or buy out Copper Fox the price of the surrounding claims could easily skyrocket. Perhaps CUU would buyout Roca's interest in the area then Teck will end up with them after concluding a deal with us.
I got the impression from listening to ES on a BXX talk that he would be open to sell the BXX claims in that region.
Just speculation on my part.