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: Memo to Teck - Dogger 12 - Old Numbers - Cuuvvette
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May 11, 2012 02:05PM

It's not relevant. Teck can't mothball because of the 4 year clause. They must start putting their money in (400% expenditures) the day they back in. If they don't succeed in time, they lose all their interest. By this time yes CUU can sell to whoever they want, including the voting shares (control) and Teck financing. They already have India, China, Korea etc all waiting in line for the Teck move.

Phew! Thank goodness for that. Thanks, Vette, MTS

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May 12, 2012 09:28AM
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