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: Copper futures and RE

Right now the day to day copper price shouldn't have any bearing on our RE delivery (timing or content).

The current metal prices will be one of several scenarios used in modeling the mine economics. The important prices are the long term (e.g. 3 yrs) which are in our favour now. The Teck Agreement states that 3 yr trailing averages must be used as one scenario.

I suspect that they have picked the long term price to use going forward with the RE so the minor fluctuations in those averages probably dont' matter much.

jmho

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