Alls quiet...

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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kinte

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Alls quiet...

posted on Jan 07, 2024 10:50PM

Just wondering if the receipt of results from Teck would warrant a NR. I'm thinking not.

Its possible results are in hand and being reviewed by CUU and we wouldn't necessarily know. Upon their review, the CUU Board could decide to issue ROFO to Teck, which I would think would warrant a NR but until then I would think things would be quiet.

If my suspicions are correct, and there is a handshake in place on "fair value" being defined by these next package of results then ROFO wouldn't even happen and negotiations would occur following CUU review. I think Hector's move of 1M additional shares to the holding company could have been done deliberately, ahead of the receipt of the results from Teck.