Agoracom: Small Cap Investment - Copper Fox Metals Inc. - Re: TECK

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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Nav2006

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Re: TECK - Vette

posted on Jan 17, 2013 09:06PM

Thats my understanding also. CUU is done drilling SC area. Even if Teck was to back out completely,"very doubtful". CUU is now at the point where they will need outside funds to make it thru another year or so, and that won't happen. The float wont hold much more dilution.

Teck, IMO, will take the whole thing. That's the only logic I can figure out. Even if it was to drag out to the end, that brings us to June, and I think most of us can hang on unitil then. I do agree with Vette that it won't take that long.