Elmer B. Stewart, President and CEO of Copper Fox stated, “We are very pleased with the scope and scale of the 2015 program for the Schaft Creek Joint Venture. The continuation of the Optimization studies, commenced in 2014, as well as drilling the LaCasse zone are expected to deliver the results required to advance the Schaft Creek project.” (March 17th, 2015)
The other studies related to the Optimization work on the Schaft Creek deposit to be advanced in 2015 (see news release dated February 4, 2015) include Geomet Unit definition, generation of new Whittle pits, and preparation of mine schedules. If warranted by the new studies, updating of operating and capital costs, flowsheet design criteria, and a new financial simulation are planned for later in the year. (May 7th, 2015)
Reading the above statements by the company, especially the underlined parts of the text, this is a very critical time for CUU shareholders! Is the above all talk or will the company finally reward investors with some exciting news? With news pending on the results of the PEA study and the progress of the Schaft Creek deposit we are hoping for a share price turnaround with our mineral projects entering into a new stage of development. With the 2015 program completed with results being examined and this being the end of the year, will we see a "new financial simulation" and Schaft Creek "advance" to the next phase in its development as the above text stated? The data collected the last few years should now be enough to advance this project with EA permitting and a Teck production decision. I look forward to the upcoming weeks and lets hope Copper Fox is ready to play ball with Teck....