Re: Both Sides of the Picture

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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cuuvette350

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Re: Both Sides of the Picture

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Re: Both Sides of the Picture

RogueWolf

posted on Feb 11, 2012 02:30PM

Okay yes this is true.....we own 100% of Schaft Creek. For now.I honestly cant see Teck passing this up. 75% for about $260M? Thats a hell of a deal.

Good, so now that we got that cleared up. Let's give ourselves some SP credit for:

* The actual Teck back in news and the exposure it will bring

* The 4x expenditures (yes 75% of that goes to Teck, but I'll remind you all that each $ Teck is forced to spend to earn in, unlocks more value, therfore continuessly bringing the value of our 25% up.)

* The Teck upfront financing

* The extra land and potential we have shown (remember Andean 3.6 Billion deal...all based on potential)

* The Liard shares we own

* The NSR we would own

* The value of the fulluy financed 25% over 100 years if we decided to keep it.

* The control we have over the contract and decisions as operator until Teck earns at least 40%. CUU could sell this agreement to a Teck competitor...I don't think that's something Teck would be happy with....