Re: Indirect Holding is the key
in response to
by
posted on
Mar 24, 2012 02:44PM
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%)
What I don't understand is why CUU is cooperating....and there is only 1 reason for that.
bbay, I believe I tried to answer your question as to why CUU would cooperate (for now).
I believe Feasibility is or will be a mere negotiating weapon that can be used against Teck (because it holds the controling voting shares) if Copper Fox doesn't get what they want.
What is Tecks risk in this case of not coopertaing with CUU ? (we named many)
What could CUU get from Teck that another would not offer...?
At that point you must start thinking what a ''post Schaft Creek'' continuous relationship with Teck could bring us. (spinco with new contract, dividend, royalty, etc,,,, could they use us to explore Galore once the job is done on Schaft, etc)
Here are some of the things I posted in relation to your question:
http://agoracom.com/ir/CopperFoxMetals/forums/discussion/topics/525144-indirect-holding-is-the-key/messages/1663105#message
http://agoracom.com/ir/CopperFoxMetals/forums/discussion/topics/525144-indirect-holding-is-the-key/messages/1662958#message
http://agoracom.com/ir/CopperFoxMetals/forums/discussion/topics/525144-indirect-holding-is-the-key/messages/1662814#message
As for the Monday NR, yes it could be that Tetra Tech messed up, thus giving us an opportyunity to include the new RE with silver.
But why are the executive insiders still blacked out....
And as shown with the Far West example, delays (on purpose or not) don't prevent takeovers...
Far West Mining Ltd: Santo Domingo Project Update
September 30, 2010 08:00 ET
The test work for hematite recovery can only be conducted after completion of the copper and magnetite recovery test work. This may cause the completion of the PFS for the project to be delayed into the first quarter of 2011
SAT APRIL 16, 2011 8:26pm EDT
The Company plans to collect additional geotechnical data for pit slope design which will delay completion of the pre-feasibility study until Q3 2011.
Capstone Mining to Acquire Far West Mining and Form Strategic Partnership and Joint Venture with Korea Resources Corporation