Re: News release offering 2.2 million. Ee backing it up

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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Chappy726

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Re: News release offering 2.2 million. Ee backing it up

in response to

Re: News release offering 2.2 million. Ee backing it up

webgogs

posted on Jan 18, 2012 03:51PM

PP's closed since Oct 2011

Closed Oct 3 $5M (announced Sept 7 & 12th)

Closed Nov 1 $2M (announced Oct 18th)

Closed Dec 14 $4m (announced Dec 5 & Nov 17th)

announced today $2.2M.... probably will be closed in weeks.

$13.2M since Oct. How much does a BFS cost, that any incremental amounts are in the millions? Addiontional property or NSR (i.e. corporate activities) make more sense to me. I believe that both do not qualify as expenditures under the Teck earn-in agreement.