Re: End of October

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: End of October

in response to

Re: End of October

MoneyK

posted on Oct 30, 2020 11:55AM

Reading this again, would it be that:

- the SCJV has 85.5% of all the Liard shares and therefore Copper Fox would have 25% of 85.5% + a percentage coming from elsewhere

So Teck would not give up 30% of the net proceeds, because they have 75% of 85.5%, but they would need to pay a fair amount of dollars every year.