Re: BFS Completion

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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Metacomet

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Re: BFS Completion

in response to

Re: BFS Completion

Metacomet

posted on Dec 01, 2012 01:24PM

...which leads to my earlier contention that Teck cannot and will not accept the terms in the original agreement

They will not accept forming a JV to develop a mine that they must fund with CUU, or its assigns, as the controlling partner

..nor will they accept the possibility of their Liard shares becoming part of a free trading entity upon release of the BFS

..nor will they accept the requirement to complete a mine in 4 years, subject to the management of the JV above

For these reasons, the only question for Teck is do they want the mine, and what are they willing to pay for CUU