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: SC in updated Teck investor pres

I myself have wondered about this very thing for some time now. Teck would be obligated to report some minimal amount related to the SCJV because it is part of two publically owned entities, TCK and CUU. CUU is the main distributor of news related to the SCJV, for obvious reasons, and does so with Teck's approval, as operator, as we all know. I've gathered from this board, especially CG, that Teck is a shrewd company who keeps their cards close to the vest. And why not, that's how I would be if I was them.

Pure speculation here but I've always wondered (hoped?) that the slow/low play of Schaft publically by Teck would be how they would conduct themselves on something they wanted...just not right away. They would report the minimum they had to, and allow the junior flying under the radar to do the primary public updating. In so doing, they could move at their own pace, optimizing things along the way, and not really broadcast what they were up to. Teck's priorities all along were QB2 and even Highland Valley, already in their fold. By slow playing us with just enough progress they would also hope to drive the price lower from EE, knowing quite well that Schaft was too big for CUU to take any further anyway.

This seems to fit in how it has played out thus far. And Teck has had the luxury of QB and the other members of the Satellite Initiative (perhaps the name itself is telling in terms of their priorities) to let them select how they would expand in the copper space. Like everyone else here, I wanted this over with long ago. But here I still am, and I've added to my initial investments when the SP was >$1 to reduce my average.

JMHO and still hoping. If my surmises are all correct then the planetary alignment of copper price, shortage, interest, etc. has probably arrived and the time to close a deal for Schaft has come in 2019.

K

 

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