Re: Teck motivation -- Right Time

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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DC14

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Re: Teck motivation -- Right Time

in response to

Re: Teck motivation -- Right Time

cbew

posted on Jun 19, 2013 12:26AM

Most likely they are in talks with other partners to take us out completely. If they wanted to take a backin percentage, they would have already decided that long ago Cbew

Agreed. I suspect they are working thru a complex J/V with a partner or two in order to take out Cuu and avoid a back-in. That would be why Cuu has been cooperative on the timelines....it benefits BOTH parties.