Re: buyout

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%)

Reply New Message

Prev Message Back To Forum Threaded View Next Message

RogueWolf

Rank: Vice President [?]

Points: 1349 [?]

Votes: 109 Score: 3.3 [?]

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.)

Re: buyout

in response to

buyout

brad129

posted on Nov 24, 2011 05:53PM

Totally plausible.

Best case scenario is Teck walks away from this....then we can entertain bids based on the full value from a variety of major producers...the ensuing bidding war will only be more money in our pockets.

Alternately if Teck takes 75% and doesnt buy us out it will be the same scenario only based on lesser value.

The world is running out of copper...supply going down and demand going up means the price of copper should rise, not many deposits are as near production as CUU....which major wouldnt want a steady stream of copper to sell at elevated prices?