Re: Joint venture with no dilution

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: Joint venture with no dilution

in response to

Re: Joint venture with no dilution

bostrin

posted on Mar 15, 2020 10:16PM

Just trying to see how the Salazar agreement would have prevented this situation. From what I understood from it, Teck by taking a 75% interest had to spend the next 400M to advance the project. Was there any timeline or anything else in that agreement forcing them to bring Schaft Creek in production at a faster pace?