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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Sorry, do not understand why Copper Fox needs to finance Schaft Creek development. 

The Teck JV agreement very clearly states that Teck will pay for or organize financing for all Copper Fox costs through to production of copper etc. 

Therefore, Copper Fox owns 25% of one of the largest future copper mines in the world for zero cash outlay until it is producing revenue. 

If this is not correct, please explain, including relevant facts, why it is not correct.

 

 

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