Re: Teck CUU agreement

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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eyeontheprize

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Re: Teck CUU agreement

in response to

Re: Teck CUU agreement

Metacomet

posted on Feb 22, 2012 03:23PM

I emailed the company today wanting to know if there was a 4 year clause, since I haven't seen it in any of the Sedar documents and Jason emailed back:

"The 4 year understanding is a legacy in the terms of the original agreement. Once their end of the deal is complete with respect to the back in, this would be the case"