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: Re: Teck Q3 Earnings call tmrw
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Oct 26, 2017 01:44PM
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Oct 26, 2017 03:08PM
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Oct 26, 2017 03:48PM
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Oct 26, 2017 03:51PM
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Oct 26, 2017 03:55PM
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Oct 26, 2017 03:58PM

Spitfire, I'm with you on this one.  I would be happy too to get 600M on this one and move on.  And at this point, and taking into consideration the environment we are in, I am now doubtful we will get anything close to 1.3B for our asset.  Why do I say this?  Well for the past 5yrs many Major mining companies have written down well over 17B in assets acquired during the good years when metal prices were high.  They have gotten "hell" from their shareholders for overpaying for these assets. 

Unfortunately for us, those days are now over when the management of these Majors will pay big bucks to acquire assets.  They are now more cautious about spending big to buy assets especially when down cycles in metals and commodities can last an unusually long time as we have recently experienced with the last downturn.  I hope that EE has taken this into consideration in his expectations of a buyout.

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Oct 27, 2017 08:59AM
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Oct 27, 2017 10:56AM
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Oct 27, 2017 07:06PM
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