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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: Re: Teck Reserves
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Dec 07, 2014 03:31PM

Someone was me, in this post: http://agoracom.com/ir/CopperFoxMetals/forums/discussion/topics/628511-optimization-studies/messages/1971149#message

It will be a milestone event for CUU when Teck books reserves for SC. Did you know Teck booked reserves for Galore Creek on the basis of a PFS, which is a lower level analysis than a FS? Booking reserves followed by an announcement of filing the EA would be significant events we could expect in the near term. Teck is still waiting (2 years) for the QB1 permits to be approved before submitting the SEIA on QB2. They need to see that there are no significant environmental objections before committing capital to a project. I expect the same approach for developing SC.

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