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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Copper Fox's prepaid equity
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Awarded
Aug 12, 2012 12:47PM
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cuuvette350
Aug 12, 2012 01:03PM

I'm having trouble following your explanation so I thought I'd try explain it a different way:

Suppose the total capex of building Schaft Creek is $3600M.

For Teck to earn 75%, they must spent the first $320M (assuming our expenditures are $80M).

$3600M - $320M = $3280M.

This leaves $3280M left to build the mine, which will be split 25% / 75%.

Copper Fox's portion = 25% = $820M (Teck will "loan" this amount)

Teck's portion = 75% = $2460M

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Metacomet
Aug 12, 2012 02:10PM
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Awarded
Aug 12, 2012 02:35PM
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Awarded
Aug 12, 2012 03:04PM
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Aug 12, 2012 03:15PM
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Aug 12, 2012 05:38PM
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Aug 12, 2012 08:13PM
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Aug 12, 2012 08:48PM
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Aug 12, 2012 09:51PM
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Aug 12, 2012 10:15PM
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JayJ
Aug 13, 2012 09:21AM
Re: Copper Fox's prepaid equity

Abullion
Aug 13, 2012 05:12PM
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