Agoracom: Small Cap Investment - Copper Fox Metals Inc.

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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Forcing Teck to Act

webgogs

Dec 13, 2011 07:30PM

Re: Forcing Teck to Act

cuuvette350

Dec 13, 2011 08:13PM

Re: Forcing Teck to Act

tommy2tone

Dec 13, 2011 08:29PM

Re: Forcing Teck to Act

Dogger 12

Dec 13, 2011 10:22PM

calvin123456789

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Re: Forcing Teck to Act

in response to

Re: Forcing Teck to Act

cuuvette350

posted on Dec 14, 2011 02:05PM

When Teck backs in and if they don't act fast enough, CUU will just keep drilling while Teck is spending (because they must). Each drill hole we poke is unlocking multiples in value and just making it that much more expensive for the potential buyer.

Vette, can you explain the back in spending option? Say Teck has to spend $300 million to the mine to back in for 75%. While CUU is continuing to drill, does Teck have to spend 4x those drilling expenses as well?

1 Recommendations

Re: Forcing Teck to Act

YoBelieve

Dec 14, 2011 03:44PM

Re: Forcing Teck to Act

YoBelieve

Dec 14, 2011 03:53PM

Liard and control

cuuvette350

Dec 14, 2011 03:56PM

Re: Liard and control

Dogger 12