Agoracom: Small Cap Investment - Copper Fox Metals Inc. - Re: Teck Call

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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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RogueWolf

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Re: Teck Call - Interesting

posted on Nov 29, 2011 03:21PM

Expect copper to grover over 200% by 2016 2017 (hmmmm) 4 years for us?

Wow! 200% means ADDING 800,000 tons production within about 4-5 years. I think Teck's intentions towards Schaft Creek are pretty clear.

Im just going to add that there are very few projects of this size globally that can be expected to be producing before/by the 2017 shortfall....the nominal and strategic value of Schaft Creek only add to the projects value and give our management and Ernesto a lot more bargaining leverage with Teck or any other major producer.