Clarification please

Welcome To the Copper Fox Metals Inc. HUB On AGORACOM

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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Clarification please

posted on Dec 07, 2011 08:50AM

Hi all,

I am a new member of AG and enjoy reading CUU board. I need some clarifications about a statement I often read from some posters:

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If Teck backs in at 75%, Teck has to not only spend 4x CUU's expenditures, they have to arrange financing and construction of the mine. CUU would just sit there with a 25% interest in a $3 Billion dollar mine.
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My questions is if CUU has 25% of $3 Billion then CUU would be worth 750 Million Plus the other properties that are still not evaluated because no drilling and noting has been explored yet?

So at $750 million the SP would only be $2.00... Until they prove other deposits in other properties?