Agoracom: Small Cap Investment - Copper Fox Metals Inc. - Re: possible buyout scenario.

Copper fox metals

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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possible buyout scenario.

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Jun 24, 2020 03:25PM

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MoneyK

MoneyK

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Re: possible buyout scenario.

in response to

possible buyout scenario.

by

posted on Jun 24, 2020 05:48PM

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I have to disagree here. IMO, Teck will want to keep full control of this district.

They most likely can bring Schaft Creek to production without anyone and if needed, they could sell 25%-30% like with QB2.

They have so many options with Schaft Creek (cash, loan, partner, stream gold, stream silver, stream moly, etc,.) that financing could come from anywhere.

MoneyK

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