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: Reader caution timing
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Dec 16, 2017 05:19PM
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Dec 16, 2017 07:06PM

Your comment "ES was then forced to review the work done by Teck and disagreements over the work went back and forth b/n CUU and Teck " raises another issue that I've been searching for an answer in the JV agreement. I can't find any recourse for Copper Fox if Teck comes up with a radically different result for the RE numbers. A resource remodel and calculation, which Teck said they have done, is the precursor to another FS, which can be ordered by the operator(Teck) as a separate program from the mandatory, annual works program. Here's some text from the JV regarding the results of a new FS " the Operator will be under no liability to the non-Operator in respect of the contents or conclusions of the Feasibility Study". As far as I can tell Teck does not have to care what Elmer has been doing for the months since the remodel was completed. When disputes arise everyone gets their legal people to review the agreement to see what recourse exists. It's another missing element in what I consider to be a very weak agreement that CUU signed compared to the Salazar contract.

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