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%)

Free
Message: Re: Questions that need answers
8
Apr 01, 2012 03:41PM
12
Apr 01, 2012 04:53PM
5
Apr 01, 2012 05:10PM
9
Apr 01, 2012 06:32PM
2
Apr 01, 2012 06:34PM
11
Apr 02, 2012 11:14AM
2
Apr 02, 2012 11:33AM
3
Apr 02, 2012 11:34AM

Apr 02, 2012 11:45AM

I agree. Deals like that are brokered all the time. As an example, I used to own a company called Antares, which was bought by first quantum. I received FM shares in exchange for the buyout. FM is about half the market cap of teck, but it's usually pretty straightforward, and this isn't teck's first rodeo.

I think it's a more likely scenario then teck raising cash in exchange for cuu. As long as the value of the property is proven, I'm sure teck shareholders would approve - that may be what we're all waiting for right now. Teck shareholders aren't likely to support a multi-billion dollar purchase until they have hard numbers to back up their decision.

4
Apr 02, 2012 12:45PM
Share
New Message
Please login to post a reply