Agoracom: Small Cap Investment - Copper Fox Metals Inc. - Re: Memo to Teck - Dogger 12

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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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Memo to Teck

generaledger

May 11, 2012 02:05PM

Moneytospend

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Re: Memo to Teck - Dogger 12 - Old Numbers

in response to

Memo to Teck

generaledger

posted on May 11, 2012 02:21PM

This was part of a post recently made here. I'd forgotten about it until now -- how relevant is it to current events?

In a best case scenario Teck would simply buy CUU out. If they don't buy CUU out there is the possibility that Teck would mothball the project until they need it and currently they have their hands full with existing projects. It would not be in the interests of shareholders to have Teck mothball the project. Copper Fox management is free to shop their 25% portion to any buyer who is willing to wait until Teck decided to finance and commission a mine at Shaft Creek.

MTS