Re: Let the M&A frenzy begin! Kinross buyout of Canadian explorer!
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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%)
Message: Re: Let the M&A frenzy begin! Kinross buyout of Canadian explorer!
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Dec 09, 2021 10:05AM
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Just a exploration play! Very early stage company.
No resources booked
No studies
No economic reports
1.8 billion CAD!!
Market thinks they overpaid- probably did as that value for early stage is massive.
BUT- in today's market, majors have to overpay for very promising projects! Especially in safe jurisdictions like Canada. (Stable government, tax rules, regulatory policies, labour, ownership of property, etc)
This bodes very well for SC value.
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Dec 11, 2021 08:43AM
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