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%)

Free
Message: Re: Teck CEO says major M&A speculation "grossly overblown" - prospekt
2
Apr 23, 2013 01:00PM

...Elmer had said that it would cost Teck about $400 million to opt in for the 75% and then $800 million in capex costs to carry through to production. At that point it would just be better to buy us out..

agreed, another advantage for Teck to take 75% over a full buyout at this time, is that they would gain the expertise and knowledge of CUU and work already done on Schaft. In collaboration with Teck; CUU could manage a drill program and enhance the property by initiating recommendations in the FS. And then at some pre-arranged or negotiable time, Teck could buyout CUU; and as much as the cost to Teck would likely be higher, it could be off-set by the expected increase in resource lbs and metal prices.

just speculating.

jaf

8
Apr 24, 2013 06:55PM
11
Apr 24, 2013 08:18PM

Apr 24, 2013 08:30PM
16
Apr 24, 2013 10:41PM
Share
New Message
Please login to post a reply