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: Teck Resources hikes QB2 COVID-19 capital budget by as much as $500M

When sending ROFO, the number needs to come with a certain rational.  

If they expect to have more data supporting a 15% to 30% price tag increase within the next 12 months, could be worth the wait.

Obviously, copper price and exchange rate needs to work in our favor at the same time or at least enough to compensate for capex escalation.

Personally, I'd prefer $600M US today vs. 700M US in 12 months, but its not my call.

IMO.

MoneyK

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