Re: CUU equity vs market cap

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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Metacomet

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Re: CUU equity vs market cap

in response to

Re: CUU equity vs market cap

RabidTiger

posted on Jun 19, 2012 09:47PM

Depends on how you look at it

Assuming the backin at 75%, Copper Fox will have a 25% interest in the mine

They will have prepaid credits of over $300 million

They will be able to sell that 25% for what it is worth

The price will no doubt include an amount sufficient to reimburse the $300 million

That will go to the shareholders of CUU

I believe that any share purchase near todays price is pretty much guaranteed to return at least the cost of the investment