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: Slow day hypothetical...
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Nov 21, 2013 01:32AM
Not sure I would characterize the summer as a fiasco. We now have a major acting as operator. Teck is on the hook to carry our costs to production. The deal means no further need for dilution which was a major concern for all. We are more than adequately cashed up to sustain us well into the future. Take any other junior in the Golden Triangle who is in that envious position. To boot, Teck made haste to get a drilling program underway on their dime to expand the resource. Not too shabby. It's easy to poke holes in what could or should have been negotiated. The macro picture is still tough. We'd be floating adrift without that deal. Let's have a balanced perspective. Just sitting back waiting for drill results which I suspect will be favorable. SF
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Nov 21, 2013 10:54AM
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