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: Another takeover attempt to watch...
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HudBay Minerals is making a hostile bid for Augusta Resources, offering $3.05 a share, which values Augusta at close to $443 million.

Augusta traded as low at $1.30 or so in January of this year (it was just a measly 63 cents in November 2013).

Its all-time high was $6.69 in August 2008.

Augusta is a base metals company focused on advancing the Rosemont Copper deposit near Tucson, Arizona. Rosemont hosts a large copper/molybdenum reserve that would account for about 10% of U.S. copper output once in production (for details refer to www.augustaresource.com).

Stockhouse has the story:

http://www.stockhouse.com/news/newswire/2014/05/05/hudbay-minerals-t-hbm-extends-hostile-offer-for-augusta-resource

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