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: Interesting that we're on the radar

It sounds like they are looking for a mine that will become a producer in the next three years.

IMHO

http://www.businessweek.com/news/2011-11-02/capstone-seeks-copper-deal-adding-up-to-100-million-pounds.html

November 02, 2011, 4:37 PM EDT

Capstone has about $500 million in cash, a debt-free balance sheet and cash flow from its two operating mines, Chief Executive Officer Darren Pylot said yesterday in an interview at Bloomberg’s Vancouver bureau. The company is looking for producing mines in the next three years that would add at least 40 million pounds of output or more.

Companies with mines or development projects in the Americas that may fit Pylot’s acquisition criteria in the next three years include Baja Mining Corp., Mercator Minerals Ltd., Taseko Mines Ltd., Copper Mountain Mining Corp. and Copper Fox Metals Inc., said John Hughes, an analyst at Desjardins Securities Inc.

Capstone also is looking for opportunities to acquire assets in partnership with Korea Resources Corp., Pylot said. The state-owned Korean company is Capstone’s largest shareholder, with an 11 percent stake, and is a 30 percent partner in Capstone’s proposed $1.2 billion Santo Domingo copper project in Chile.

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