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: Mineweb Article - Thoughts
4.1(a)(ii) subject to 4.2(b) Teck will make a cash payment of $20 million to Copper Fox with in 3 business days of the Production decision ..... My interpretation of this is that Teck has to make this second payment to Copper Fox wether it decides to build or not to build. So there is some obligation to spend money exploring, but this whole point is mute as Teck would not have signed this JV had it not intended to further explore and build a mine. IMO ...
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