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 activity in the sector

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.

MoneyK

 

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