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: Level 2: last shakeout before RE?

I agree very strongly. If the BFS is delivered to Teck there are many earn-back agreement implications and complications for Teck that they would rather avoid, like the loss of control over the building of the mine and the 4-year deadline on getting the mine into production in order to preserve their interest.

Copper Fox Management has often stated their intent to sell so a pre-BFS buyout (of SC as a minimum) is a match made in heaven.

It's hard to compare Andean Resources to CUU. Two different places, two different types of deposit. Low vs high grade.

But if you look at Ivanhoe & Rio Tino relationship, financing for a mine for a smaller junior isn't a problem to the big miner. Even losing control for a short period is ok. But it's the 4 year deadline to get into production will be the biggest concern. The risk involved in getting a mine into production without any setbacks is huge.

Imagine if Schaft Creek is delayed and Teck loses their interest in the mine? It's practically throwing money away.

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