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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Message: Liard

Teck used NPV 8% when sanctioning QB2. They, like all mining companies, use conservative numbers for NPV and metal prices even at the FS stage. I don't see how CUU will be allowed to use anything other than what Teck approves. Another issue is where are the two NPI's applied in the revenue stream. Is one subordinate to the other? Is there a difference between a Net Profits and a Net Proceeds? I don't doubt it's complicated, particularly if the wording in the original agreements is not clear or ambiguous.  That's probably why they ignored this issue in the 2013 FS.

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