Re: I don't get it

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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walkingzombie

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Re: I don't get it

in response to

Re: I don't get it

Lois Denominator

posted on Jan 04, 2013 06:49PM

"...Teck has to approve of an expense or it's not part of the Back-in agreement..."

That's not quite true. CUU does not require TCK's approval for the expense to qualify as part of the back-in agreement. All it needs is to submit an annual audited statement for expenses related to SC to qualify. (Please refer to the 2002 Agreement.)

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