Re: not sure

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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MoneyK

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Re: not sure

in response to

Re: not sure

Zacster

posted on Dec 15, 2015 07:47PM

Quick one for the board!

I know that Ernesto has the last word, but who would accept 1 tck.b share for every 10 cuu share (shaft creek only) if the tck.b share goes back to 3.50$?

Tck.b share = 3.50$

cuu share = 0.12$

This would equal to approx. 300% premium for us and more patience for sure, but when the market recuperates, we would be in for a great profit!

For Teck, they would put their hands on 100% of the Shaft Creek project for around 140 millions, which would be a steal. They could resell a portion of the project to a partner and the 7% dilution to the shareholders does not seem that terrible.