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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: Forward looking developments

As we approach the end of October and the beginning of November, one starts to think what will happen next.

Shareholders of Copper Fox can expect a JV meeting in less than 2 weeks where Teck has asked to delay the orginial quarterly September meeting for October 29th. Why was this done? We need to ask ourselves these questions to understand the "why". Logically, one would assume is Teck needed a few more weeks to conclude the desktop studies! This would conclude a major milestone achievement for SC. This is quite exciting and the weeks or months ahead could be fun to watch unfold.

Next, Teck is currently in the process of selling a 30-40% stake in QB2 for 2 billion dollars. There is an auction going on with TD and Rothschild hired to facilitate the sale process. Teck wants to conclude a deal in the 4th qurater of this year, and I hear November will be the timing of the announement of the winning development partner. Before Teck decided to sell a stake in the deposit/asset for 2 billion, they acquired a small partner's share of 13.5% for just under 300 million dollars.

Based on how Teck operates, this seems to be their strategy for developing mining projects, and always attracting a partner to fund its development. This could happen with SC as well. So knowing this information, and Teck needing to inform the Laird shareholders of a production decision at the Laird AGM in relation to SC mine.....things start to make sense in the grand picture of things.

https://ca.reuters.com/article/idCAKCN1LT2QJ-OCABS

http://www.miningweekly.com/article/teck-lifts-quebrada-blanca-phase-2-ownership-to-90-2018-04-05

 

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