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: Any Comments? > Copper Fox: Currently Overvalued Even If Schaft Creek Proceeds
Reply New Message
Prev Message Back To Forum Threaded View Next Message

Glencore must sell Las Bambas before June 2015 as per the take over of Xstata.

Tech's Quebrada Blanca will soon be out of ore without PhaseII.

Looks like both getting out of South America, both need copper.

Glencore to get approx. 5.3B for Las Bambas.

3.7B capex at Shaft Creek, That leaves 1.6B to buy out Copper Fox.

That gives them 25% of Shaft Creek 26% of liard plus the10% they own.

If Tech gives them anouther 24% of Shaft Creek to do the capex I think we have a deal.

8 Recommendations
Reply New Message
Prev Message Back To Forum Threaded View Next Message
Share
Share
New Message
Please login to post a reply