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: Zzzzzzzzzz
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Jan 04, 2012 03:37PM

Teck has a one-time only option to earn-back up to 75%. After they declare their intentions, and we are generally assuming that they will go for the 75%, then the stock price should enjoy a rise. The debate over price is for the remaining 25%. If Teck doesn't offer sufficient money for the shares then we can just sit on them while Teck organizes the financing to build the mine and gets going since they have a four-year deadline. Our stock price could only go up at that point. We don't have to accept a low offer. Nothing bad will happen because Teck will have to start the funding entirely on their own.

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MES
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