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: Tecks position
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Tecks position
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Todor777
Jul 15, 2012 08:36PM
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Prospekt
Jul 15, 2012 08:51PM
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cuuvette350
Jul 15, 2012 08:58PM
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Todor777
Jul 15, 2012 09:51PM
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Chappy726
Jul 15, 2012 10:01PM
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foxfan1
Jul 15, 2012 10:36PM
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Todor777
Jul 15, 2012 11:11PM
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MES
Jul 15, 2012 11:23PM
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vanhelmont
Jul 15, 2012 11:25PM
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foxfan1
Jul 16, 2012 12:25AM
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Prospekt
Jul 16, 2012 01:10AM
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Metacomet
Jul 16, 2012 03:32AM

so, CAPEX is 4billion let's say (high side)....Teck spends the first $400 million (4xcf), then arranges financing, 75 / 25 on the remaining 3.6 billion. That leaves cf on the line for 900 million or so....

Foxfan...come on !!!?

''In the event Teck elects to earn-back a 75% working interest in the Schaft Creek Project, Teck will be responsible for arranging Copper Fox's share of project financing and will recover the project financing funds from Copper Fox's share of metal sales until payout is reached. ''

Oh and just in case:

* Teck must also transfer the indirect interest (liard voting shares) to CUU upon Feasibility release

* Teck also has 4 years max to bring Schaft Creek into production

* Teck must earn it's interest 1st

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Re: Tecks position

Abullion
Jul 16, 2012 12:07PM
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