Re: Copper just breached $3.70!

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: Copper just breached $3.70!

in response to

Re: Copper just breached $3.70!

Russ Reid

posted on Jan 07, 2021 11:21AM

The will most likely negociate based on long term consensus prices and not SPOT price. However, when the SPOT price increases like it is right now, speculators usually rush to copper stocks and we should benefit from that... in fact we are already benefitting from that!

The sale price should be based on the long term consensus price, but if our management follow's the news, and I think they do, they should negociate some options like Teck did with the QB2 minority interest.

Example: If copper is over X dollars for the first X years of production, Teck would pay Copper Fox a premium to compensate for the increase of the net present value.