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: January Analysis that I missed

Another quote from the same article (by Bernie Roseke), for those of you with the patience to wait:

What’s next?

Copper Fox has an agreement with Teck Resources whereby Teck can “back-in” to the project with a 75% stake, leaving Copper Fox with 25%. Clearly Teck has a right of first refusal.

If they back in, they will begin the process of constructing the mine and Copper Fox is left as a semi-passive partner. In this scenario, starting in 2020 Copper Fox will be a mining company with 69 million pounds of copper production and 59,000 ounces of gold production, or 205,000 gold-equivalent ounces. With 420 million shares outstanding, this positions the company very favourably. It would produce 1/2,000 ounce per share, a level similar to Eldorado Gold which trades at about $13. (Today it is trading at $7.58, but still...this would be for 25% of the project.)

If Teck does not back in, Copper Fox would be free to search for other partners. Everything is, of course, wide open in this scenario.

--http://www.junior-gold.com/copper-fox-metals-feasibility-study/

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