Liard is worth about 40 million until their NPI kicks in.
We paid close to 20 bucks for a share here.
27000/.015 = 1.8 million shares by 20 bucks.
While it takes up to 10 years for the NPI to kick in it is a very large portion. As vette points out above it could easily be 200 million a year. Now that's a carrot for a buyer if ever there was one.
- Copper Fox acquired 26,954 shares of Liard Copper Mines Ltd. (Liard), a private company incorporated in BC from Mrs. Mary Elizabeth Dunn for a cash payment of $269,540 and 245,000 common shares of Copper Fox. Liard holds a 30% Net Profits Interest (NPI) royalty in the Schaft Creek project. Teck Resources Limited (Teck) owns 78% of the issued and outstanding shares of Liard. Upon completion of a positive Feasibility Study, Copper Fox will acquire Teck's 78% interest in Liard. The shares acquired by Copper Fox as a result of this transaction with Mrs. Dunn represent approximately 1.47% of the issued and outstanding shares of Liard.
