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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Message: Junior financing

I appreciate that this may be a little off topic but in my limited knowledge of the junior mining sector this could be huge. I understand we have EE but this may be applicable to CUU in the future as an additional revenue stream.

'Cluff Gold, the London-listed gold miner, has agreed a $20m investment deal with Samsung C&T, as turbulent equity markets and the restrictions required by project funding force junior miners to seek evermore creative solutions for financing projects...'

For a non mining involved company to source it's raw materials direct from the miners should give a huge boost to the sector. It is really a very similiar arrangment to gold streamers although the percentage is tiny. The fact that it is proportional to spot is great news for the miners.

Full article

http://www.ft.com/intl/cms/s/0/64e5c056-fce6-11e1-9dd2-00144feabdc0.html#axzz26MGrwwlx

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