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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How come we did not hear from Elmer what was paid for those shares?

We didn't pay anything for the shares. It appears that Teck paid for them as part of the pre-production costs. (I cut and pasted the relevant JV sections the other day.)

Because we didn't pay for them, we don't report it. Teck paid for them but it is not material to their stock—only to ours—so they didn't report it either.

My guess is this was the reason we didn't pay for them because according to the JV we should have.

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