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%)

Free
Message: Question and Answer Colin

It would have been much more difficult to include them in the BFS for several reasons. First the BFS had to be accepted by Teck under the terms defined in the Salazar agreement in order for CUU to earn the Indirect interest. Then Teck could exercise a Back-in-Right for either 20, 40 or 75% interest. That's a lot of assumptions to consider in the financial analysis so they took a path of least resistance and ignored them. I would have at least tested the sensitivity to understand potential impacts. In the May 13 press release they said the pre-tax was nearing completion. I don't believe the information given to investors that they have been only working on the post-tax analysis for the last 4 months. Now we'll find out what very shortly means.

Share
New Message
Please login to post a reply