Re: Copper Fox time for an update!
posted on
Aug 13, 2020 02:39PM
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%)
No, first right if offer. Cuu tells Teck we want $2 per share for our 25%.
Teck now has 60 days to respond, if they pass then we now have the right to shop to the market at said price $2. I think we have 6 months. If no buyer no change other than the so would crater.
we would put out a number that was likely in a predefined range with Teck.