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: M&A in Copper- Glencore acquires 31% interest for 922 million
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Great to see Copper asset sales, especially in a politically risky and unsafe jurisdiction like the Congo!

http://www.reuters.com/article/us-glencore-congo-idUSKBN15S1Y4

Interesting statements from the article:

Copper and cobalt are among the commodity markets with the strongest fundamentals.

The copper market faces a possible supply shortfall as some of the world's best assets become depleted...

Many mining companies are keen to acquire good quality copper assets, but have hesitated to move into Democratic Republic of Congo because of political risk.

 

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