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%)

Free
Message: BFS Timing

Perhaps...what about funding? If company X were to buy us out, we're talking billions of dollars to commit to building this mine if Teck decides not to go for the 75%. There would be no guarantee that Teck would take the 75% option including the funding. They might decide to just take the 20% or 40% and let company X now fund the mine. Add that to the $3 to $4 billion that you've just paid for the CUU shares and it's something that you can't plan for very well.

It makes much more sense to me to wait for Teck to declare, or to approach Teck knowing they have a lock on the situation and attempt to make a deal with them before trying to buy Copper Fox.

The big advantage we have is that we are producing the feasibilty and we can release it on our schedule and Teck will have a limited period to declare, and a one-time only option. So, eventually the ball will end up in our court.

Share
New Message
Please login to post a reply