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: Copper Fox's prepaid equity
2
Aug 12, 2012 12:47PM

Cuvette350

At present Teck does not own 75% of the house.If Teck adds $320 million to Copper Fox’s $80 million to earn 75% of the house, the total investment is $400 million.Copper Fox’s former investment was 100% of $80 million which later becomes 25% of $400 million.

Yes, Copper Fox’s stake will increase.Please, however, do not represent it as though Teck currently owns 75%.

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