Re: Copper Fox's prepaid equity

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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walkingzombie

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Re: Copper Fox's prepaid equity

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Re: Copper Fox's prepaid equity

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posted on Aug 12, 2012 05:38PM

I am not sure why we are so hung up on the $80 M that's spent and gone!

In the final analysis, that $80 M is insignificant and irrelevant. If TCK or whoever wants to buy us out, they would look at what is in the ground or what is the NPV based on the stuff found in the ground and make their offer accordingly. The buyer is not going to look at whether CUU spent $80 or $100 M to this point and compensate CUU for it. If CUU found nothing, then the $80M spent so far would be worth a big fat nothing.