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: Re: Joint venture with no dilution
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Mar 15, 2020 12:20PM

the pp makes only $ 1,800,000.  Just enough to make the 1st payment for Eaglehead's purchase, keep the office open for this year, and pay the mediation regarding SC's valuation and potential legal fees, if applicable.  If CF wants to sell the company in its entirety, many developments and optimizations still have to be carried out.  This will additionally cost many millions of dollars.  If this is CF's strategy, there will still be a lot of dilution.  I can hardly imagine it, but with incompetent management you never know.

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