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.

almost 10 years ago

in response to babybreeze's message

With due respect, can you tell me why you feel Teck needs to buy out Schaft Creek? I didn't think Teck needed to buyout Schaft Creek as they already have the port and the required lands.

They have 75% of the port and lands and, in Copper Fox, they have a partner who is not required to arrange any further funding. The next $57.5 million they spend is on their dime entirely, and they owe Copper Fox a further $40 million by the time the mine is built.

I think Teck likes to have a partner in most of their projects to share the costs and mitigate their finances so that they aren't on the hook for 100% of the funding while owning 75% of the project.