Agoracom: Small Cap Investment - Copper Fox Metals Inc. - Re: The Rewards of Patience

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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cuuvette350

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Re: The Rewards of Patience - 3-Year Average Metal Prices Rising

posted on Mar 22, 2012 03:01PM

Excellent post from Golfyeti on the 3 year price average.

Our expenditures are/will moving up:

At December 31, 2011, the Company had spent $74.2 million of qualifying expenditures towards the feasibility study

This will make it even harder for Teck to earn in their 75% and gain control.

Because we all know once Feasibility is out CUU get's the voting shares and keeps the control until Teck spends 100% of their 4x expenditures on bringing the mine to production.

This is my own opinion, but the reason we delayed the feasibility must have something to do with the voting shares, and the stuff happening behind the scenes.....

having the voting shares transfered to CUU would just complicate the whole ''master plan''