posted on
Sep 20, 2021 09:12AM
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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: Re: What
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Re...Liard
The way I read this...they have only included the Liard costs that are not owned by the SCJV. So cuu and the 12.95%
The Schaft Creek JV has an obligation to Liard in the form of a 30% Net Proceeds Interest in certain mineral claims within the Schaft Creek Project (the “Indirect Interest”). Liard is owned 85.5% by the Schaft Creek JV, 1.55% by Copper Fox, with the remaining 12.95% held by third parties. Based on the PEA, the LOM NPI payments to Copper Fox stemming from this Indirect Interest is US$35.8 million and US$298.9 to the other Liard minority interests.
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