posted on
Jul 19, 2012 03:01PM

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%)

Message: Re: AGM
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I didn't really hear anything new at the AGM.
My key takeways were that the feasibility study is on schedule and absent a preemptive offer from Teck, we'll see a news release in mid to late September. They aren't going to rush the feasibility to satisfy our desires to see it in mid summer- it will be late summer.
Also, the clear intention to sell all of our interest in Schaft Creek either to Teck or to use the feasibility study to sell to another major.
Companies expertise is discovery to feasibility stage- they don't want to be miners.
The AZ properties are not a done deal. Elmer and the team are headed there next week to do due diligence before finalizing the purchase.
Happy to share all of my notes if ppl want to see them.
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