Agoracom: Small Cap Investment - Copper Fox Metals Inc. - Re: Good Golly

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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Cu63

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Re: Good Golly - No Moly!

in response to

Re: Good Golly - No Moly!

Prospekt

posted on Sep 06, 2012 02:15PM

Clause 15.1 of the Agreement states that they have to enter into a JV agreement no later than 60 days after the delivery of a feasibility notice.

Thank you Prospekt for reminding us of this clause. I remember reading this a while back and wondering how could you enter into a new JV agreement unless Teck declares their back in option? So is it your opinion that Teck really only has 60 days to declare their intentions and negotiate a JV? Seems like another thorn that goes away if Teck buys us out completely.