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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Message: Re: 3 related questions
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Apr 06, 2012 12:49PM
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Apr 06, 2012 01:22PM

We have land claims that we have to offer to Teck under the 2002 Salazar Agreement and land claims that we don't. With Elmer's understanding of the geology of the district, he obviously feels these properties have great potential. Assuming Teck is not going to significantly over-pay for non-drilled/proven deposits, and assuming that the value we feel these properties may have might push the cost of acquiring CUU out of Teck's comfort zone, is the Board content to remain a partner in Schaft Creek and continue drilling its own claims?

It would appear that Teck would be at a disadvantage in negotiating with a Company that acquires ownership of CUU after the BFS has been released and before the JV has been agreed to. Would Elmer agree with that and does he have any comment? Wouldn't this situation be attractive to an offshore interest such as China? Even before the BFS and after the REE?

Are there any active non-disclosure/confidentiality agreements in place with other interested companies at the moment, and would CUU have to get Teck's permission before proceeding down that road?

Thanks WG. Whatever questions you ask will be much appreciated by the true followers of this stock. We are all hungry for good information.


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