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: BFS and share price
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Sep 06, 2012 05:30PM
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Sep 06, 2012 08:01PM

The one thing that may save TCK is I thought they had the right of first refusal, but I've read, many times, Vette saying they only get one chance at it...I'm not certain re. this, maybe Vette could explain it.......chunky

Oh I'd love to chunky, but maybe Elmer's own words would be better:

http://www.bus-ex.com/article/copper-fox-metals

“If Teck elects to exercise its earn-back option,” explains Stewart, “it has the right to acquire a 20, 40 or 75 percent interest in the project but it has to do so by funding subsequent development costs to the tune of 100, 300 or 400 percent respectively of Copper Fox's prior expenditure—which currently is around $60 million. In other words, Teck has the option of investing anything from zero to $240 million. By the same token, the choice is one time only and can’t be changed at a later date.”


Sep 06, 2012 08:09PM
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