Re: Stalling
in response to
by
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%)
Message: Re: Stalling
Where did you read this that FS not being positive?
Prospekt, posted on Feb 16, 13 12:28PM
It goes on through (a) and (b). It all forms part of the definition.
First it is positive, then it is bankable.
"If the report is positive under 5.5(b)(ii) but not under 5.5(b)(i), Teck Cominco may nevertheless elect, in its sole discretion, to deem the report to be a Positive Bankable Feasibility Study."
http://agoracom.com/ir/CopperFoxMetals/forums/discussion/topics/564334-year-end-financials/messages/1776703#message
Second, what defines bankable?
Bankable is defined by the entire clause 5.5 in the Agreement, including the problematic sentence that gives Teck the right, in its sole discretion, to deem it to be bankable if we only make it positive under 5.5(b)(ii) but not 5.5(b)(i)--as we did.
There has to be a reason that we didn't get the Liard shares transferred right away on delivering the positive feasiiblity.
http://agoracom.com/ir/CopperFoxMetals/forums/discussion/topics/564334-year-end-financials/messages/1776716#message
Storacle, posted on Feb 14:
Elmer said that Yes the feasibility study has been delivered to Teck and that yes, Copper Fox believes it to be bankable.
He added. Does Teck think it is bankable? We are waiting to see if Teck agrees or disagrees with the feasibility.
If they agree with the feasibility, then the Liard shares should be transfered.
http://agoracom.com/ir/CopperFoxMetals/forums/discussion/topics/564334-year-end-financials/messages/1776063#message
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