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: A Question About Price.

I also expect Teck to take the 75% and then purchase our 25%. However suppose that Teck declines to purchase our 25%. I believe in that case that we can either sell our share to another bidder or we can wait unil the mine is built and then we can receive 25% of the profits. My questions follows:

1) What are total profits fom the mine expected to be?

2) Suppose we receive $350 million /year would this be distributed to shareholders or would it stay in compny coffers?

3) If it stayed in the company how would it affect the price of the shares? (Increase price by $1.00?)

I ask these questions because I've had virtually no experience in this scenario. Perhaps they cannot be answered until the BFS is released??

Gusto44

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Feb 20, 2012 05:14PM
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