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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: Copper Fox Updates Permitting Process on Van Dyke Copper Deposit

I agree that something else must be going on. It simply does not take this amount of time to complete a resource remodel to determine if a new RE is required. The first mention of this possiblity was in the Nov 09 2016 press release. The only explanation I see is Teck stalling for strategic purposes while they work a deal. If , for example, they decide to buy out Novagold's 50% in Galore, they don't want  to show any activity on SC to give them more leverage. If they want a better deal on SC , at the same time, then they don't want to advertise any wheeling and dealing on Galore. After the deal Teck got for 75% of SC I expect them to play hardball again with EE to see if he wants out. Novagold will release their 3rd Q results on October 4 so I'll look to see if there's any mention of Galore Creek. Yes , I'm as deperate as everyone else for some news to explain what's going on.

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