Re: New Thread? Copper Fox Spring Activities
in response to
by
posted on
Apr 04, 2014 03:16PM
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%)
So for arguments (discussion) sake, lets pretend that you hadnt already spoken to Elmer about this. Would/could a potential "buy out" of Schaft Creek also include Desert Fox Holdings. Instead of Teck for instance just buying out CopperFox's 25%, could they not just buy out all holdings, thereby giving thier shareholders better optics off a larger premium. "hey,we are going to buy out Copper fox of thier 25% of the Schaft Creek project for $x.xx and as a bonus we are also getting Arizona property with xxx pounds of copper??