Agoracom: Small Cap Investment - Copper Fox Metals Inc.

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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marknicklaus

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JMHO

posted on Mar 18, 2013 01:34AM

I have been reading this hub for about 2 months now and I am also an investor. According to the lbs in the ground stated above, that equates to over 50 billion dollars at todays prices.

If Teck backs in for 75% for 4X the accumulated expenditures, or approximately $350M, How much is the other 25% worth after capex over the LOM? I invested here because I thought even if they paid $5 sh for the other 25% they would be getting 50 billion in assets pretty cheap, no?