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: Article- Not the best strategy Don
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Cash is important.  As much as Teck is promoting their green initiative, they still need a few more good quarters.

 

Look at their most recent quarter cash level.  Started at 400m ended at 3xxm.  This is with copper at $3.98 avg too.  Imagine if copper was closer to $3? what is their cash burn rate?  Oil and covid is costing them quite a bit.

 

With oil stablizing and copper over $4.  lets hope this next quarter, they're able to generate more cash, I think they'll be more aggressive.  Plus I don't think they're going to tap into their credit lines anytime soon.

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