Re: Teck- Project Satellite

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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MoneyK

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Re: Teck- Project Satellite

posted on Feb 13, 2019 01:31PM

Indeed, they did mention that they are now looking at selling some properties, but not looking absolutely for cash at the moment.

Not quite sure what are the other options. They did mention wanting to possibly keep a certain interest, therefore, they could sell +50% of Schaft Creek (including our 25%) to another major and keep the balance for the upside.