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: Mineweb Article - Thoughts

Teck paid CUU $60 Million cash to do what they want + spend up to another $60 million on exploration = $120 Million + they pay back the port and land fees.

+ secured the loan for mine dev and construction without diluting their 25% like BAj did.

It took CUU 8 years to spend $89 million (mostly used on resource estimates, Feasibility, Lawyers, Environmental studies, salaries, etc).

Out of the 4x expenditures, 3x was coming back to Teck (75%). They gave us our due $85 Million. They would never have spent 4x expenditures on exploration. We'll be long gone.

Like the ''expert'' analyst that got caught offf guard said:

“To the company's credit they were able to get a joint venture done,” he said, noting Copper Fox did the deal during a particularly rotten market for juniors.''

Share
New Message
Please login to post a reply