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: Another possible suitor??

There's several possibilities for Teck to work with Schaft Creek.

If we look at what they did with QB2, they purchased the last available 13.5% interest for 262 million, turned around and sold 30% for 1.2B.  That's a 100% profit right there.

https://www.teck.com/news/news-releases/2018/teck-acquires-quebrada-blanca-minority-interest-

If history repeats, they will most likely take us out of the equation before moving the project forward.

If you look at the 2019 CIBC Whistler presentation (Jan 24th, slide 122), Teck is assessing development options for our large Cu-Mo-Au-Ag deposit.

Teck could also easily sell the Gold, Silver or Moly upfront to reduce their exposure and increase their IRR for the project.

In the same presentation, Teck still has 4.5B in their tax pool, including almost 1B for Canadian development. 

MoneyK

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