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: probebly will be removed
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Apr 07, 2014 03:36PM
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Apr 07, 2014 03:48PM

I think the positive note to glean from this story is that Teck backed "in" not out like Rio Tinto did with Pebble Mine. We have a commitment of $60-million going forward, well cashed up and financed going forward - something few juniors can claim.

Rio Tinto's story seems to be a reflection of the greater commodities market as a whole. Perhaps they're happy where they're at in terms of current production and don't feel the need to develop further right now. Teck on the other hand has talked about plans to greatly increase copper production in the next few years. That would seem to suggest that they have a different vision, and our project is one of only a few I think they'd consider bringing to production to get them where they want to be.

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Apr 07, 2014 04:02PM
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Apr 07, 2014 04:06PM
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Apr 08, 2014 11:13PM
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