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: Long Time Shareholder

Re: Where did you get the idea Elmer would sell for 50% of NPV? Why bother with all the work if he was to give the properties away for cheap? 

I really don't know what the selling price would be. I know that sellers usually think that what they have is worth more than what the buyer thinks it is worth.  It is that way in all areas of life. A compromise is usually necessary to come to an agreement.  But sometimes other factors will cause one side to give up more than they would otherwise.  So, a rising copper market or a shortage of projects to buy will raise the price.  While management wanting to exit a project sooner will lower the price.  I don't know where the trade off points will be us.     

For me the 50% just feels like a conservative number to show me that our share price could rise 5X and still have room to rise.  It is also the number that would make me a CUU millionaire.  

 

I too wouldn't be suprised if management chooses to unlock more value in VD by doing the PFS. 

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