Re: Questions for CUU
in response to
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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%)
Message: Re: Questions for CUU
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Dec 10, 2012 04:51PM
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Dec 10, 2012 06:04PM
The mechanics of the JV are established by paragraphs 9 and 15 of the Salazar agreement:
A key provision is that Tecks rights become effective after they earn their interest, ie after funding 4x CUU expenditures at backin if the 75% option is elected
CUU owns it till Teck earns in
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