Re: Zzzzzzzzzz

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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MES

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Re: Zzzzzzzzzz

posted on Jan 04, 2012 09:06PM

lletea:

2) to get rid of the conditions in the back-in agreement to earn the 75%, spend 4X expenditures, arrange financing for CUU and build the mine in four years; TECK does not need this pressure

This is the best point that I have heard in the last few weeks. I never thought about this, if they buy us out 100% they can start building the mine whenever they want. That is definitely the better option for them, and of course for us as well.