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: Why no Date for the FS hand off
15
Jun 05, 2013 01:09PM

Buyout can mean different scenarios actually.

Buyout of the company completely or buyout of the SC asset completely.

Ever since CUU bought the Arizona property, I had a gut feeling they want to keep CUU running as an exploration company.

SC can easily be either back into the project and let Teck arrange financing/production while CUU focus on a new property.

OR

SC can be boughtout by Teck and CUU would receive either cash or shares from the sale of asset.

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