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: Thoughts - those Yummy Gingerbread Liard Shares
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Dec 27, 2012 12:04PM
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Dec 27, 2012 12:06PM

Dec 27, 2012 12:07PM
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Dec 27, 2012 12:08PM
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Dec 27, 2012 12:35PM

Teck must earn their 75% as they spend money on the project. Only once they have spent the entire 400 million will they get it back.

During that process CUU does have control (even if Elmer was being polite during the webcast)

And the 4 year clause is on black and white (even if Teck tries to change it).

The risk for Teck is that CUU sells to another major, someone willing to control Teck and impose the clause. Doe sTeck want to take that risk...

Way smarter for Teck to get rid of us, and sell of the 25% without all those clauses attached and keep control.


Dec 27, 2012 02:38PM
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