Copper Fox Metals Inc.

Welcome To the Copper Fox Metals Inc. HUB On AGORACOM Copper Fox Metals is a Canadian-based resource company focused on developing the world-class Schaft Creek Project in northwestern British Columbia.

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Re: some numbers

over 11 years ago

in response to cuuvette350's message

Vette, I'm puzzled by the numbers (since no one else has asked I'm assuming that it is just me). You state - using just one of the examples:

Teck can earn 75% by spending 4x expenditures = $340 million

($255 million comes back to Teck, $85 million goes to CUU)

Why do you state that $255 million goes back to Teck? (I assuming that it is $340 X 75%) CUU has spent $85 million on developing SC, so I thought it was CUU money that they would use to invest for their 25% portion of the project. But it seems like you are stating that if they elect the 75% that we have to give back all that extra portion that was earned. I must be missing your point.