Need explanation in plain English

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%)

Reply New Message

Prev Message Back To Forum Threaded View Next Message

Russ Reid

Rank: Vice President [?]

Points: 2047 [?]

Votes: 98 Score: 3.0 [?]

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.)

Need explanation in plain English

posted on Feb 14, 2012 04:26PM

I am somwhat befuddled by this latest turn of events. What I gather is that there is some question regarding Teck's possible takeover intentions and the conventional wisdom is that we may be looking for other partners perhaps with the intention of mining it ourselves???. Am I somwhat close here?

Can anyone here explain in plain English and perhaps illustrate what evidence there is for all this including speculated effects upon price both long and short term? Also how long will such a new approach take.

I have to say that I enjoy Webgogs posts immensely and look forward to them and even reread them. However I also have to admit that after I read them I am befuddled and often feel blindsided.