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: Soon...
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Oct 25, 2012 07:57PM
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Oct 26, 2012 02:50AM
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Oct 26, 2012 08:23AM

Vette. Is it not $80 million x 4 for 75%?

They are forced to spend 80 x 4 = 320 million...BUT....

75% of that 320 million = 240 million, goes to Tecks portion (Teck would be spending this money anyway at one point)

80 million goes to CUU. That's why I'm saying they are in reality just paying 80 million to get 75%.

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Oct 26, 2012 08:49AM
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