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: Interesting Point

Maybe Ive misread this but I dont think so, anyone speak legalese so they can confirm this?

According to the Shaft Creek option on the website, it says that Copper Fox can;

Further acquire Teck Cominco's 'Indirect Holding' (defined as an indirect 23.4% carried interest through its 78% shareholding in Liard Copper Mines Ltd. who hold a 30% carried interest in the property) by incurring the above described $5,000,000 in expenditures and completing and delivering to Teck Cominco a positive bankable feasibility study.

What if Teck decided to act quicker than the BFS so as to keep their interest in Liard rather than giving us 78%?

Gives us a bit more bargaining power and a small boost the SP Im sure...also puts time pressure on Teck to act before the BFS.

Maybe itll be an ultra merry Christmas this year.....

Rogue,

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Nov 24, 2011 07:26PM
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