Agoracom: Small Cap Investment - Copper Fox Metals Inc. - Re: "UP TO" a total of 400% of expenditures

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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"UP TO" a total of 400% of expenditures

stomper

Feb 12, 2012 09:52AM

Re: "UP TO" a total of 400% of expenditures

Metacomet

Feb 12, 2012 10:35AM

Re: "UP TO" a total of 400% of expenditures

stomper

Feb 12, 2012 10:47AM

Re: "UP TO" a total of 400% of expenditures

CanadaGrant

Feb 12, 2012 11:16AM

bbay

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Re: "UP TO" a total of 400% of expenditures

in response to

Re: "UP TO" a total of 400% of expenditures

CanadaGrant

posted on Feb 12, 2012 11:35AM

'The big problem is that would leave CUU with 25% of a fully financed mining operation with little or no further expenditures and CUU would be free to sell this "free ride" to anyone they want....'

this is exactly the point. Any qualifying expenditure from CUU from the PPs is not wasting money. As Teck have to spend 400% and CUU get 25% this means CUU will be getting 100% back in value.

good call

bbay

Oh and good call on the contract clauses too metacomet

1 Recommendations

Re: "UP TO" a total of 400% of expenditures

simc1

Feb 12, 2012 11:56AM