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%)

Free
Message: FYI - Teck to present at BOFA May 18th

As far as I have always understood from Elmer, the moment of production is not decisive, but whether CF can still add value to their 25% SC share in the relatively short term.  With the upcoming drilling program (start beginning of June?) they expect to be able to add a lot of value to the current valuation.  If after this program it appears not much more value can be added in the relatively short term, they will sell SC.  They will simply sell to Teck through negotiation or if the going gets tough by using the ROFO.  That's how I understood it.

Share
New Message
Please login to post a reply