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: Plan "B" - EA
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Jul 23, 2013 12:02PM
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Jul 23, 2013 04:35PM

Jul 23, 2013 04:38PM

My apologies to the board for mentioning my personal woes in the previous post. I'm just tired of hearing " it can happen at any time ". it will happen when Teck wants it to.......chunky

I can understand your fustration Chunky. I thought we were going to get our liquidity event sooner than later also. But like Vette has pointed out we are no longer under the cloud of uncertainty of what Teck will do. They have choosen their back in percentage. Other Majors now know what they are left with if they decide to take us out.

Other Majors are watching our story, of that I'm certain ( as they have all have in house teams that keeps track of potential takeovers and acquisitions ). This is a business where reserves and resources must be acquired and expanded if Majors are goint to survive.

How many juniors out there have stakes in large resources like ours that have not been taken over? I count less than a handful and most are in jurisdictions that are politically unstable. We are on the radar. What will be the catalysts to make it happen? As pointed out it could be drill results right after our summer program. Just gettting the same grades in the East zone and expanding the pit could make a Major try to take us out. If Teck suspects that this could happen watch them make a move real quick.

As Vette pointed out - Why did Teck leave out the part about financing the mine in their NR?? Imho, I don't think we will be on the market long if good results begin to come in on our drill program.

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Jul 23, 2013 04:54PM
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