Re: Northern Fox as collateral

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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MoneyK

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Re: Northern Fox as collateral

posted on Feb 10, 2020 07:54PM

Yes, if you're not willing to increase your share count by 2-3% per year, (a couple 1000$ per year at most) you will get diluted. That's the reality and part of doing business.

Same applied to Copper Fox and that's why we are left with 24% of DCOP, but you know what... it was a great decision to stop financing DCOP instead of diluting us any further to keep our percentage of their float, because now, we got an entire property for probably less.