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: Newsflash! cbew
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Apr 29, 2013 08:06AM

Hoghead, can you define "feasibility notice" for us?

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The Feasibility Notice is the action document, defined in the contract, that is used to put Teck on notice that a BFS in accordance with the contract stipulated project economics has been prepared and delivered.

It is the document that Teck must act on, when presented, to convey in this instance, the Indirect Interest, or Liard shares, that were the agreed consideration for Salazar/CUU to undertake the exploration of Schaft Creek. They can mutually agree to hold off on the Liard share transfer if tax is that big of an issue.

You don't just put the BFS in a suitcase and mail to to Teck or give them a link to a SEDAR filing and assume your boat is underway

The contract provided specific mechanisms for events. The "Feasibility Notice" is that mechanism.

...and they will not talk about it at all. That is my concern.

I am only answering Cbew's direct question to me on this. No more on this topic from me unless directly requested.

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