Re: The order of things.

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: The order of things.

in response to

Re: The order of things.

cuuvette350

posted on Nov 02, 2012 10:52AM

If I'm right about Eurasian, here's what's going to happen.

Elmer will visit those 2 properties (Copper Springs and Jasper Canyon) next to Sombrero Bute. If he likes, he'll negotiate something.

Keep in mind Eurasian uses the Prospect Generator model. Because the chance of a discovery is 1/1000...this type of company will buy good prospect claims after spending only on greenfield exploration programs (geological research, field geology, sampling, mapping targets, etc).

The risk is limited as they don't spend money exploring. They option out their land to other companies (CUU) who invest their capital and move exploration projects toward development.

The purchaser (CUU) earns it's interest over a perod of time.

The prospect generator will give up majority ownership (70-80% or more) and fund it's share of exploration and development or be diluted to a royalty/NSR (2% is standard).