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%)

Free
Message: Check out the Website!!!

There are some are some unclear areas on the new website concerning the Teck agreement

Guess I would highly recommend that everybody might want to look this over, closely

For instance, under the projects heading, there are several headings for Schaft Creek

One of the headings is entitled Schaft Creek Option

It appears to be a well spelled out summary of the agreement we are all familiar with

At the end of that summary, there is language like this:

"The option agreement includes provisions for joint management and for dilution of interests in proportion to expenditures, including reversion of either party to a defined net profits royalty if that party's interest is diluted below a 20% working interest in the joint venture"

Don't know if I has seen that before or not, but I do know I'm not sure what that means

Further, there is no mention of the 4 year build out for Teck, nor is the operating joint venture mentioned

Share
New Message
Please login to post a reply