Agoracom: Small Cap Investment - Copper Fox Metals Inc. - Re: NEWS!!!

Copper fox metals

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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deeppocket83

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Re: NEWS!!!

in response to

by

posted on Apr 08, 2015 02:50PM

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"when they sold 75%"

We didn't sell it, Teck opt in. if they go to production they will give us 60million in total and another 60 million in expenditures. And now we have righ of first offer vs righ of first refusal. Once again this was discussed to death in the past. We have currently a better deal hence Teck is optimizing Schaft Creek (making us worth more by the day).

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