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: Share swap

 We're nowhere near to being next on the list according to Teck. Two large projects in the medium term window are QB3 and Nueva Union. Teck, like all large resource companies, match their project development to their projected cash flow and project economics. They needed Fort Hills to start production and generate cash flow to allow the sanction of QB2.

I disagree.  How much cash flow is Fort Hills generating? Also, what cash flow does Teck needs to bring to the table for QB2? They don't have any cash obligations for couple years (2022?). They've currently used all the cash they generated from sales and mining on debt and shares buyback. 

The process keeps repeating. Even Galore is getting a lot of attention compared to SC. They plan to start the PFS in late 2019 or early 2020. They also plan to spend $ 24 to $ 40 million annually at Galore over the next 3-4 years with their partner Newmont. Teck's portion of spend this year at Galore is estimated to be $ 19 million. Compare that to the $ 2 million couch change they plan to spend at SC this year.

Galore is going to end up with a feasibility study as well.  SC's FS is done and has been reviewed by third party and by Teck and everything is current from it.  They even established the tonnes milled per day.  In my opinion, I feel SC is more advance than Galore. 

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