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: QB2 capex ballooning ...again...

QB2 now estimated to cost US $8.2 billion!   And Teck is still talking peoples' ears off about QB inifinity, Chile, Chile, Chile, all the while for ten years ignoring a way safer and more profitable Schaft Creek right in their back yard.   Plain stupid, imo.

This after taking a bath of over US 3 billion in losses from investing in Fort Hills instead of sanctioning Schaft Creek 10 years ago.  Teck would have raked in billions from Schaft Creek by now vs. the billions in Forthills losses. 

Hopefully the future of Teck under Price holds a much more responsible stewardship of capital.   This simplified spin out of coal which will happen imo might not provide as much royalty cashflow to fund their copper growth pipeline.  I guess they will focus more on securing growth funding through partnerships.

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