Re: Baj

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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Pat66

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Re: Baj

in response to

Baj

simc1

posted on Jul 30, 2012 03:00PM

Ouch! No kinding.

The Consortium, subject to the Consortium Approvals, has committed to contribute US$90 million to MMB on or about August 30, 2012. The contribution of US$45 million of the total US$90 million commitment will result in an immediate reduction in Baja's interest in MMB from 70% to 49%.

They are diluted to 49%, they might or might not get the 2nd part of this life support financing, AND there is a class action suit.

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