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: So much for those who say CUU always sells off on news....not so

Can anyone answer what happens to us if Teck holds true to their stated project development cycle and we are a ways down then pipe?

We have two options going forward should we need to raise funds and avoid dilution:

1. We have a very large tax refund coming to us this year. It could be up to $12 million. After that happens we'll have a better idea of how much money there is available.

2. They will spinoff Northern Fox and Desert Fox and raise funds under those corporate entities and leave Schaft Creek alone with CUU at 413 million shares until Teck makes a decision.

Share
New Message
Please login to post a reply