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: Timelines

Here is a quick list of some timelines that have been provided by Copper Fox and the Feasibility Study. It's obvious that some of these items have been pushed back.

April 2013 - Financing period complete

June 2013 - Basic engineering and start ordering long lead items

July 2013 - Baseline aquatics report complete

??? - Annual General Meeting

Q3 2013 - EA application and EIS submitted (includes THREAT report, water quality predictions, etc)

December 2013 - Start of detailed engineering and procurement activities

May 2014 - BC Hydro Facilities Study complete

At this point we don't really know what they are discussing with Teck so it's difficult to criticize them on the first couple of items. I am concerned that they will miss their Q3 target for the EA application. We haven't seen any new documents posted on the Project Information Center and we know they have several items outstanding. I hope they are dedicating all their resources to getting the EA submitted because this is a critical item in their timeline. For comparison, Seabridge Gold submitted their 25,000 page EA application on Feb 1, the preliminary review was completed June 4, and they expect approval in June 2014.

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Jul 08, 2013 02:11PM
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