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: Share Price

Just a thought as i think about our current share price and outstanding # of shares. As per the agreement , Teck to pay 4x expenditures if they back in for 75%. (Aprox $320M going towards building the mine. In order for them to get 100% they would need to buy us out completely and spend more $$. For arguments sake lets add $100M. They could conceivably be on the hook for $400+M. So why not just give us the $400M ($1 per share) and then spend what they want ,how they want & when they want advancing the mine project. I know (hope) that the buy-out price will be multiples more than this , but there is absolutely no way we should be trading below $1 at this time


Jan 08, 2013 07:03PM
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