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: Re: Both Sides of the Picture
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Feb 11, 2012 01:25PM

First, I would like to commend you for initiating this discussion.

Based on some of the nonsense that we have seen here recently, it takes grit to even consider suggesting in writing that anything could possibly not be perfect at Copper Fox

That is not healthy, and this has developed into an excelent exchange of views

That being said, Id like to take a crack at this assertion of yours:

"This is a $525M dollar company with a likely 25% stake in a mine years away from construction."

The contradictions to this are built in.

If we have a 25% stake, that means that Teck has exercised, and by contract, they must build out the mine in under 3 years. Not sure what you meant by "years away", but if they opt to let the 25% stake stand, ie not buy us out, the construction will have start immediately.

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