Re: Zzzzzzzzzz

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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walkingzombie

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Re: Zzzzzzzzzz

in response to

Re: Zzzzzzzzzz

drobertso

posted on Jan 04, 2012 06:13PM

1. As far as another PP; CUU may not need one because there are still a lot of options out there. Some of these will be exercised before they expire, the rest will be exercised if the holder feels that a buy out is imminent.

2. On the buy out price; don't forget the back in agreement is only for SC and some adjacent land (to be determined by legal councel); CUU still has a whole bunch of land not subject to the back in which, based on the limited data so far, is worth something too. This should be value in additional to the value determined in the BFS.