Re: Good news for us maybe. I know its not about Copper Fox...but then is it?
posted on
Jan 24, 2014 02:25PM
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%)
I for one really hope Teck soaks millions of dollars into Shaft Creek for 2014....They have a lot of money to spend on us if need be. The money that Teck gave us to date...really is not much money.
The reason being....everything that Copper Fox had.....I mean like the port agreement....added lands etc....that is really what Teck did for us was give us our cost back. So far they really have got Shaft Creek for free...if anyone can convince me otherwise , that would be great.
So if Teck is serrious about Shaft Creek and wanting to turn it into a mine first and get the road built threw Paggent property and hook up to the NTL, before Galore Creek does. Then I would expect a HUGE mining project for 2014.
If Teck has a NR of a BIG drill program this year....I would suspect that our SP should climb too.
I know I would feel alot better about it then we all can sit back with confidence that Teck is adding mineable years to Shaft Creek. But right now ...after the 2013 drilling program.
Lets just say im not feeling warm and fuzzy right now.
When the BFS was dropped off to Teck, I guess the manipulators have been doing what people here say they do...they Have Been getting shares because our SP was in the 3 digit...now not so much.