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: Re: Dividends
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Sep 16, 2012 10:14PM
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Sep 16, 2012 11:39PM

Or is this something the BoD can choose to do without asking us?

I don't know, I posted that as a statement but I meant it to be a question. I was thinking about Vette saying something ages ago about Elmer wanting to pay dividends maybe or something that was more tax efficient than an outright sale, and the comments about the Copper Fox name itself having value and wanting to be retained. Since they've started working on the Arizona project it does seem like they have finished with Schaft Creek for now, except for releasing the feasibility and the Mira and negotiating with Teck over the next few weeks. I was trying to reason out how this would work. I'm less concerned about whether the Board of Directors could make this decision without a shareholder vote, given EE's majority shares, but more about how much money would be given to the shareholders and how that is decided.

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