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: Re: More exposure for us
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Apr 19, 2022 02:33PM
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Apr 19, 2022 02:51PM
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Apr 19, 2022 03:24PM

Look at Teck's cash flow from last year.  Their cash balance at the end of the year didn't really jump from the typical $400 million range to over a billion until the very last quarter.  That was with copper being over $3 for most of the time too. Covid and Qb2 is costing a lot of money. 

 

Lets see what this next quarter is.  With oil being strong, they're going to have a good quarter.  If prices remain like this for the rest of the year, they will need to find some use of the cash. 

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Apr 19, 2022 04:42PM
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Apr 19, 2022 10:47PM
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