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: Teck Earnings

The wording is copied from the JV agreement in section D. Most other aspects of the JV are different from the Salazar agreement, which would have required Teck to fund 4 times the expenditures already made by CUU for any additional work(with the 75% option). No money would go directly to CUU under Salazar, so they negotiated for some cash payments under the JV. Whether is was a good deal or not is another discussion.

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