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: Just an observation

According to the contract, Copper Fox will receive 100% ownership if the 120 days expires without Teck making a decision. If June 4 passes without news, then this means Copper Fox has given more time to Teck to make a decision (assuming we met the contract terms and the Feasibility Notice was delivered). Since they gave Teck more time, Copper Fox thinks it's more valuable for Teck to back-in than for Teck to walk. This puts a nail in the "Teck walking is the best thing for us" argument.

Of course, this theory is based on a few assumptions that may or may not unfold over the next few days.

Share
New Message
Please login to post a reply