Re: News! Very interesting

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%)

Reply New Message

Prev Message Back To Forum Threaded View Next Message

Rodo

Rank: Mail Room [?]

Points: 83 [?]

Votes: 10 Score: 2.5 [?]

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.)

Re: News! Very interesting

in response to

Re: News! Very interesting

Rodo

posted on May 13, 2018 03:25PM

Guess you did not take time to read the excerpt from the JV agreement (which is shown on Copper Fox website) -

Teck will:

1. pay a total of $60 million in three direct cash payments to Copper Fox - $20 million was paid on signing the Joint Venture Agreement;

2. fund 100% of costs incurred prior to a production decision up to $60 million;

3. fund any additional costs (in excess of $220 million) incurred prior to a production decision, if required, by way of loan (at an interest rate of prime +2%) to Copper Fox to the extent of its pro rata share, without dilution to Copper Fox's 25% joint venture interest".