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: Quadra FNX takeover

Dec 06, 2011 04:51AM
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Dec 06, 2011 11:52AM

41% buyout premium is fine over a 20 day period. You're just silly to think that we're going to be using our current 20 day average. After the BFS, I'd be shocked to see our price not sky rocket as a lot of unknown variables will be cleared up (which is keeping some bigger investors at bay right now). Knowing exactly how much of SC we own, or the actual payback, the actual grades with all the new drills, the actual RE with the new drills and blah blah blah. All that uncertainity is gone.

Once that uncertainty is gone and the price goes up....then the premium skeptics talk about makes more sense. If we can run up 20-30% in a few days, I think we ran up 50% in days a while ago and on no news, I don't think it's unreasonable we make 75-100% in a day or two, and then slowly go up as investors let the information sink in and be analyzed until TECK decides they want to buy back-in and then buy us out.

It helps their shareholders digest that information as well by allowing our market price to soar, and then buying us out for what they had originally planned.

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