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: Sizing study

At this point, at least we know that building the main infrastructures with low metals prices would be profitable by itself.

In my opinion, the biggest value from this property will kick in when Teck expands the available reserves and leverages the exist infrastructure from phase 1.

If we look at what they just did with QB2 (and they are already talking about QB3), I would not expect anything different.

1) They will buy us out

2) They will sell a portion of it to a partner, which will include ownership for future phases.  When looking at the QB2 transaction, this by itself increased significantly their IRR for QB2.

3) They will drill to confirm the reserves and increase production with minimal cost.  This is when the biggest IRR will happen.

I'm sure Teck is looking at the big picture and not only and the numbers from the base case.

MoneyK

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