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: capex protection

 

"Teck is spending an estimated US$6.6-billion to expand its Quebrada Blanca copper mine in Chile, a project short-handed as QB2. That’s up from US$5.2-billion when Teck launched the project four years ago. When completed later this year, QB2 will be the world’s second-largest copper mine, with a 28-year lifespan and potential for further expansion."

https://stockhouse.com/companies/bullboard?symbol=teck&postid=34407626

So from 4.7B to 5.2B to now possibly 6.6.B???

How important is our carried-interest for anyone buying our 25%? 

Ask Sumitomo who needs to pay, on top of the 1.2B US initial payment, 1/3 of all the additional capex cost.

IMO.

Money

Share
New Message
Please login to post a reply