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: End of October

Copper Fox still retains the Liard shares, as per the JV:

Copper Fox is the registered owner of 29,342 common shares of Liard (the “Copper Fox Non-JV Liard Shares”). The Copper Fox Non-JV Liard Shares are held by Copper Fox for its own benefit and, except as provided in §6.5(c), are not subject to this Agreement and are not part of the Assets.

They wrote down the value of these shares from the original purchase price at year end 2016:

Copper Fox directly owns 29,342 shares of Liard Copper Mines Ltd. (“Liard”), a private company incorporated in British Columbia, which represents approximately 1.55% of the issued and outstanding shares of Liard. These shares were originally recorded at a cost value of $759,305 on acquisition. During the year, the Company determined that the Liard shares were impaired by $652,480 and were subsequently written down to the FMV carrying cost of $106,825.

 

 

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