Re: Tax Return

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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hoghead

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Re: Tax Return

in response to

Re: Tax Return

nopoo2

posted on Dec 17, 2014 12:00PM

CUU's PAC account is up to $11m, so the claims are in good standing for a long time, and with the cash CUU does not have to dilute its 42% ownership when Carmax does a financing, CUU can also use the PAC to keep Carmax's claims in good standing.

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I asked Elmer regarding the PAC.

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... and Elmer said he was going to use the PAC funds to prevent dilution of it's ownership?

Are you sure about this?

If they do decide to put more money towards Carmax (and I really hope they do not), it better at the very least get them majority control of the company.

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