Re: TECK

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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venturevestor

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Re: TECK

posted on Jan 17, 2013 03:38PM

I don't know that that is true. I don't see why CUU could not begin the drill program for teck on the 171 mil tons. Then Teck could pay for the drilling if they chose to back in and phase in to running the project.

CUU needs to keep rolling. They can't just stop they need to keep adding value to the project. Even if Teck backs in they will want to improve the economics of the property and possibly drill out new zones to attract more value when they sell.