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: From today's released MD&A
13
Feb 26, 2017 12:18PM
13
Feb 27, 2017 12:07PM
16
Feb 28, 2017 12:39AM
9
Feb 28, 2017 06:33AM

I was going to say similar sentiments.  I have trouble seeing a scenario where we get turned down by Teck, but get our asking price from another miner.  If Teck doesn't want buy out CUU because they feel the terms are unreasonable, why would they work with another miner?  I don't think they want to give up 25% of the profits.  I think this is an all or none scenario.  Either Teck plays ball or they don't.  Unfortunately, they have very deep pockets and didn't become the company they are making stupid decisions.  Our company did an incredible dumb thing, pissing away our cash on magic beans, and is now painted into a corner.  The focus should always have been on Schaft Creek alone, and conserving cash to weather this incredibly long bear commodities market.

2
Feb 28, 2017 11:07AM
Share
New Message
Please login to post a reply