Agoracom: Small Cap Investment - Copper Fox Metals Inc.

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%)

Reply New Message

Back To Forum List View

M&A activity in the sector

youngmoney

Nov 25, 2019 09:04AM

Re: M&A activity in the sector

koala

Nov 25, 2019 12:46PM

Re: M&A activity in the sector

MoneyK

Nov 25, 2019 01:35PM

Re: M&A activity in the sector

MoneyK

Nov 25, 2019 01:43PM

MoneyK

Rank: Treasurer [?]

Points: 8673 [?]

Votes: 62 Score: 2.5 [?]

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.)

Re: M&A activity in the sector

in response to

Re: M&A activity in the sector

MoneyK

posted on Nov 26, 2019 08:29AM

So in 2016, Teck paid around 35M for a 30% interest in Zafranal and now they are expecting to sell their 80% interest for up to 500M? They invested what... 50M since the acquisition? Pretty good ROI.

I find it quite interesting that they are selling their "small" projects and announced that they will not put much money in the satellite projects next year.

That leaves Teck with Mesaba, which is far behind, Galore & Schaft Creek.

They did not build this whole satellite initiave to sell two small assets. As they are not putting more money on the table to add more value, I'll let you make your own conclusions.