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%)

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Message: Re: Hunch

Nov 24, 2011 12:31PM
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Nov 24, 2011 02:08PM

I cannot imagine how difficult this must be for those trying to make these decisions. Imagine trying to attach a price to a property like this while trying to secure both raw and human resources and meet a contractual time frame for building at the same time. Kind of a conundrum in a way - they can't build the infrastructure required to mine the property until they secure a lot of the very same resources required to build it and shortages are looming in both of these areas.

I agree with you that there is a good chance they may be looking to buy us out completely because I don't really think they can have this mine built inside of four years. Even if other arrangements come into play it is going to cost them a pretty penny to get what they need to get around the 4yr time frame.

I liked our position before - I really like it the longer it drags out!

Boiler2

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