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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"...In looking at this, it occurred to me that if Teck must spend $300,000,000 to earn back 75% that works out to .77 cents per share alone. .."

Well, my back of the napkin calculation came to a slightly different interpretation.

If TCK spent $300M to earn back 75%, 75% of the $300M or $225M would accrue to TCK shareholders, leaving the 25% of $300M or $75M for CUU shareholders - the amount of qualified investment in SC etc. that CUU has put in; or about $0.19 per share. JMO

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