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%)

Free
Message: Re: Article- Not the best strategy Don

Don mentioned a strategy to let a partner come in for 50% ownership in exchange the new partner provides the finances and people to build the mine. Teck enjoys a free ride to production getting half the profits. This seems to be the play.....

50-50 ownership structure equals:

Reduced risk and financial obligations 

So I believe Schaft Creek will get a new development partner to replace copper Fox metals.....Teck will work with us to get a new buyer where it's a 3-way deal which Teck gives up 25% for a new JV structure (50-50). This fits into Teck's project planning. I also think it's the best outcome for us :)

Share
New Message
Please login to post a reply