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: Mineweb Article - Thoughts

about 11 years ago

in response to cuuvette350's message

The difference lies in the minimum amount invested. With the new agreement, Teck only had to pay $24M to earn 75%. With the old agreement, Teck had to pay $350M before they earned their 75%.

Teck has no obligation to spend $60M on exploration and no obligation to payout the other $40M to CUU. If they don't like what they see, they can stop spending money on it and still have their 75%. I like the new agreement because it limits dilution but I hate how there is no obligation for Teck to spend money exploring.