Re: "UP TO" a total of 400% of expenditures

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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simc1

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Re: "UP TO" a total of 400% of expenditures

in response to

Re: "UP TO" a total of 400% of expenditures

CanadaGrant

posted on Feb 12, 2012 11:56AM

''The big problem is that would leave CUU with 25% of a fully financed mining operation with little or no further expenditures and CUU would be free to sell this "free ride" to anyone they want....''

Exactly. And if Teck wants a partner in for lets say 50% they will want that 50% to pay off.

Lets say they buy our 25% for 3billions, they can then sell the 50% for 6billions and get 3billions free and share expenditures with their partner. The price they pay for our 25% will be linked to the price they will ask for that 50% so its in their best interest to pay us a very fair price