Re: Let the M&A frenzy begin! Kinross buyout of Canadian explorer!

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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youngmoney

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Re: Let the M&A frenzy begin! Kinross buyout of Canadian explorer!

in response to

Re: Let the M&A frenzy begin! Kinross buyout of Canadian explorer!

kinte

posted on Dec 10, 2021 08:53AM

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)