Re: CUU equity vs market cap

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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cuuvette350

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Re: CUU equity vs market cap

in response to

Re: CUU equity vs market cap

cuuvette350

posted on Jun 19, 2012 11:08PM

You can't divide Schaft Creek like a cake, so Teck would be (with their own money) upgrading the value of CUU's 25% by spending on on it's 75%...

Teck would actually have to pay more for us after spending their own money on their 75%, because it would indirectly bulk our value.

For that reason we're gone before they start spending anything and we all know they would have to start the day they back in to even dream of putting Schaft Creek in commercial production in time.