Re: Major Announcement from Ottawa at 5pm

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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DC14

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Re: Major Announcement from Ottawa at 5pm

in response to

Re: Major Announcement from Ottawa at 5pm

Willy Nilly

posted on Dec 07, 2012 05:19PM

Willy - I don't understand why the Nexen deal, whichever way it goes, has anything to do with Copper Fox.

Opens the door for state owned companies to take a much larger stake in Canadian projects or outright ownership. Regardless of Teck minority stake that CIC has, you now open the door for other Chinese interests to take controlling interests. Does not imply it will have any effect on CUU but it does change the investment landscape.