Royalties

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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Royalties

posted on Jul 23, 2019 08:18AM

For their QB2 project, Teck needs to pay a 10% royalty to ENAMI (government).

Who would like to get a 10% royality for ever? Could be interesting!

Based on numbers from my previous post, if Teck does it again and sells 30% for 1.25B to Sumitomo, keeps 60% for them and give us a non-funded 10%, they could basically bring Schaft Creek in production for free! Yes... for free!

Obvisouly, with this option, our share price would skyrocket and people could probably manage to get out at their convenience over 2$. I'm sure even Ernesto would appreciate getting around 35M per year on his initial investment.