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: Well.... What's Next?
4
Jul 04, 2018 12:55AM
2
Jul 04, 2018 08:08AM
6
Jul 04, 2018 11:19AM

Teck is working on a plan and CUU is a spectator. Selling SC is a very poor option right now with the share price at a dime. I expect Teck will conclude the desktop studies and then announce a technical report will be prepared as the next step. There could be good and bad reasons why Teck is dragging this out. If it's about CUU selling SC to Teck and they can't agree on a price then that's bad. We gave away our leverage and Teck can wait forever. If it's part of a bigger deal like bringing in Sumitomo to take out Galore and Schaft then that would give us the best outcome. Elmer has to find a way to convince the market that there's some upside here when the desktop studies are completed or we will be asking the same questions next year.

4
Jul 04, 2018 01:21PM
5
Jul 04, 2018 03:32PM
2
Jul 04, 2018 06:36PM
Share
New Message
Please login to post a reply