Re: New Teck high while we suffer…48.60 (26 billion MC)

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: New Teck high while we suffer…48.60 (26 billion MC)

in response to

Re: New Teck high while we suffer…48.60 (26 billion MC)

MoneyK

posted on Mar 02, 2022 02:32PM

Teck made it clear at their BMO presentation that the "QB2" model is what they are looking for going forward.

Would not be surprised if Teck would buy our 25% and then sell 50% to Newmont with new terms and conditions, similar to Sumitomo with QB2.

1.3B US financed by debt + 1.3B US coming from Newmont. That 1.3B US debt would be cleared in about 1 year at the current levels! Where is the risk Teck? $0 from your own pocket!

After, both parties should be pleased to advance SC before Galore. It really does not make sense to start with Galore in my opinion.