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: PP
Icon president PP
5
Jan 16, 2013 03:47PM

"Money is for the EA."

Vette, is that for expenses already incurred? Assuming that Teck buys out Copper Fox in the next few days, weeks or (heaven forbid) months, wouldn't the cost of completing work on the Environmental Assessment become Teck's responsibility? Or is this just a smokescreen for whatever the real reason for the placement is? Or is something else entirely going on? I admit to an ignorance of how things work in this business so would appreciate some clarification.

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