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: Video Interview with Elmer about EH news
Reply New Message
Prev Message Back To Forum Threaded View Next Message

I believe Teck paid $162M US for the 13.5%,  with another $100M in options depending copper prices.

Also, the minority would have needed to pay $650M+ US of capex?

Sumitomo agreed to pay at minimum $1550 US for 30%, which includes capex.

Therefore, not sure if Teck really made a big profit when considering all the cost...

MoneyK

2 Recommendations
Reply New Message
Prev Message Back To Forum Threaded View Next Message
Share
Share
New Message
Please login to post a reply