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: TECK and CCY
10
Mar 04, 2013 01:21PM

Interesting, though might not be a significant point, but Tecks decision the other day to walk away on Catalyst Copper hasnt resulted a sp drop - todays its up 10% on smalller volume of shares > no major sell-off.

I've been told by CUU mgmt they have prepared a plan in the eventuality Teck walks from CUU as well - remembering their decision could have nothing to do with the size and value of SC, but that they are focusing on other plays, i.e. Tar Sands, and iron ore.

While a decision by Teck to walk could result in a sp drop, other mining companies will understand there is more than one reason for walking.

Not a bash, as I feel Teck will make a move on CUU.

cheers

jaf

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