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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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Message: Re: MD&A Notes
9
Feb 16, 2013 11:18PM

"The Company is committed to pay $1,000,000 in 2013, $1,000,000 in 2014 and $750,000 in 2015 in connection with an agreement on the Schaft Creek property."

I went back a year to the 2011 year-end.

They have this statement: The Company estimates the total undiscounted amount of cash flows required to settle the asset retirement obligations to be approximately $750,000 (2010 - $750,000) which will be incurred no sooner than the next 10 years.

That would seem to cover part of it. There was no mention of the other payments. If we are lucky they have something to do with the Liard shares and we are anticipating taking them on this year.

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