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: Spoke to Teck VP
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Oct 24, 2013 01:53PM
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Oct 24, 2013 03:08PM

FROM BIGBUCK at the AGM

b.Besides Copper Fox being able to insist on $½ million in expenditures each year, is there any provision whereby Teck cannot mothball the project? I think there is a lot of misunderstanding of the Laird shares.There are 7 holders of the shares.Teck would have to deal with the 7 partners and would have to prove the project is not economical, which CF has already done and Teck is currently improving the economics of. It was clear to me mothballing it would be a serious problem for Teck.The gov wants mining projects, the Tahltans want this project.Teck needs copper, their other projects are on hold, this may not have the highest grades but when you look at all the factors together this is the best project they have on the books anywhere.Xstrata would not sell their Laird shares.


This was from the AGM.

If you're worried about it, try calling Elmer and find out. It's meaningless for the board to keep beating on the same meaningless topic of if Teck loves me, Teck loves me not game..

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Oct 25, 2013 12:48AM
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