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: Just a thought while we wait.
4
May 29, 2014 11:50AM

Prospeckt is right, it's harder for someone other than Teck.

Also, too many people such as babybreeze is too focused on share price. It doesn't matter what SP is anymore. It's not a takeover anymore, it's basically CUU selling their 25% interest in the JV.

Until we get the optimization results, we don't what the increased or perceived value is.

Until then, non Teck buyers will only know the JV agreement and the FS we currently have.

That non Teck buyer knows that they cannot just simply buy shares on the market and acquire a stake in SC. They need to negotiate with our management and insiders since they own the majority of the shares. They will have to give a fair price for our interest. You know why? It's because we took one of the most important conditions from the Salazaar agreement and that is the financing part.

Babybreeze is right, we are not Augusta, we don't have to worry about financing, we don't have to worry about selling our silver and gold streams for money, and we don't have to worry about an ocelot. We have Teck. When Teck wants to build, go ahead and build, they can go and get financing, they can go and get the EA approved. CUU just have to sit there and wait.

So for Teck, if they want to partner with someone on this project and say they have to cough up a few hundred millions. What would that "someone" do? Pay a few hundred millions to Teck? or buy CUU where they would own similar interest in the project and don't have to worry about getting money for development and expansion?

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