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
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May 11, 2012 02:05PM
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May 12, 2012 09:28AM
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May 12, 2012 10:58AM
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May 12, 2012 11:32AM
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May 12, 2012 11:52AM
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May 12, 2012 11:56AM

Here are the reasons I don't see anyone buying us out until Teck makes their back-in decision.

Ownership

How much of the project will the Copper Fox buyers own? 25%? 100%? Which new claims are part of the back-in?

Funding

How much of the project will the Copper Fox buyers need to fund? 0%? 100%? This could vary by about $4B so this is a huge unknown.

Economics

What are the economics of the Schaft Creek project? Without the feasibility results the Copper Fox buyers will have no idea what they are getting. Are they getting the next super project or just another Galore Creek?

At this point I think there are far too many unknowns and risks for a full Copper Fox buyout. However, once the feasibility study is released these risks will disappear and the new buyers will be forced to pay even more for Copper Fox. That's a catalyst I can wait for.

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May 12, 2012 03:40PM
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May 12, 2012 04:38PM
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