Re: Copper Fox Updates Permitting Process on Van Dyke Copper Deposit
posted on
Sep 21, 2017 01:43PM
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%)
On a more serious note, I found it curious that during the recent PP the closing date was adjusted a number of times. to me it was reminiscent of being done during a period of negotiations. it seemed to me, they were acting as if there was some uncertainty as to its need.
Then, doing the exercise to only raise a little over a million, when current expenses of salaries, rents and maintaining land packages and other incidental costs would burn thru that in way less than two years seemed, IMO. inadequate.
It all pointed to the possibility of "something" going on.
Markets are crazy uncertain now so it's hard, and maybe dangerous, to get enthused.
Best to all.......chunky