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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I'm actually confused now. I don't quite see how they can claim the JV has spent $33 million if $20M was cash moved from one partner to the other but, even so, it doesn't add up to me.

$20M from Teck to CUU

$3.93M from Teck to CUU for port, etc.

$1M cost of BC Hydro study--was that covered above?

$2.5M 2014 program estimate

$?? Are we estimating $10M for 2013 drilling based on the drill results or was that published by the JV at some point?

If the official JV figure is $33million that means Teck has spent over half of the 'free' $60million that they can spend before our share starts kicking in. The initial $20M can't be included in that figure. It's confusing.

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