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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That's right, Calvin, SC does have a valid FS, but for some reason Explorationguy dismisses that fact, saying "Teck's not accepting it", though they've "booked" the mineral assets and upped the tonnage per day from 120k to 133k (from memory).

We haven't "missed the copper cycle" either and won't "sit here for another 6 years" (due to missed commodity cycle).  Every analyst keeps predicting the next (copper) commodity boom and they keep getting it wrong.  Just look at the price trend of copper and the slowdown in global growth.

Doesn't matter that Teck is planning to spend "$24 to $40 million annually at Galore over the next 3-4 years with their partner Newmont".  We're almost at the end of the development stage and have a FS in hand, while Galore has a long way to go just to get their PFS.   Comparing the spend at Galore to Schaft Creek, when they are at completey different phases of development is, to me, misleading and disingenuous. 

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 Aside from that, as long as copper stays around $3, gold $1500 etc..just the forex alone, the amount of cash SC generates is attractive enough for Teck.

QB2 timing was similar to SC.  I think Teck commenced FS around 2016 or earlier? Completed in 2017 February.  Sanction came in end of 2018.This was all done by Teck people too.  So they took 3 years + in getting QB2 ready for production.

 

If people say SC is not going to be a mine etc...when Teck isn't interested, they will either sell it off or just not bother wiht it at all.

 

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