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: Re: So when........?

Jan 06, 2013 08:10PM

Are there those who are realistically thinking that we may receive an offer from Teck this month?

I'm expecting something in January/February. If it's a no from Teck then January. All other decisions from Teck I'm expecting by the end of February at the latest because they have to allow time to negotiate. I'm assuming that if Teck wants to buy us out 100% then they will have to get to the table and start the negotiations immediately because they don't want to run out of time and be forced to make their back-in decision public.

I also think if they want to drill some more this coming summer they need to get the negotiations finished in time to arrange a summer drilling season.

As someone mentioned before we should look for signs that they are in a blackout again.

1
Jan 06, 2013 08:46PM
2
Jan 06, 2013 09:04PM
Share
New Message
Please login to post a reply