Here's a better version + my own conclusion at the bottom:

http://www.vette350.com/2012/12/copper-fox-metals-feasibility-measured.html

There's no way Teck is passing up on this, 40 year mine life just on Schaft Creek X 3 if they go down to 800m+ higher grades, then 20+ years for the Discovery zone, + Mike, GK, ES zones ??? How many years is that ? All Teck has to do is take 100%..... And their hand is soon to be forced.

Put yourself in Teck shoes for a minute....

By taking care of CUU now, Teck is getting this for free. What will this mineral trend be worth when ready to be in production....once built in 5-10 years, Teck can sell 25% for wayyy more then they paid :

When making decisions today..the big players look 20 years down the road. This is looking a whole lot cheaper today vs 10 years from today:

* Continuous Inflation

* Higher metal prices

* Growing gap between supply and demand

* With Nationalization, location is becoming the main issue for miners..

* The absence of money being invested in exploration since 2008-present...= no more new discoveries = creating a 15 year gap so far........