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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They will want to maintain their investment grade and this will limit how much they can borrow.

I was thinking about this because Teck is adamant that they maintain their debt-to-debt plus equity ratio at around 30%. They also want to keep at least $500 million cash on hand.


However, they will also have 20% equity in a project underway that is funded by major partners and that will be producing cash-flow starting in 2018 for the next 50 years. This has to increase their equity at the same time and should easily maintain if not improve their debt-to-debt plus equity ratio.

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