Re: Feasibility study

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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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Prospekt

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Re: Feasibility study

in response to

Re: Feasibility study

bostrin

posted on Jan 09, 2013 02:54PM

It could be a missed opportunity for CUU to lose out on the Liard shares by not filing the BFS as soon as possible.

If Teck opts to make their decision before we release the feasibility then we automatically receive the Liard shares. Teck cannot avoid transferring those shares at this point unless they buy us out completely. If they buy us out completely they have to include the value of the Liard shares at this point.