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: JV terms and agreements
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Jan 25, 2021 01:19PM
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Jan 25, 2021 01:52PM
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Jan 25, 2021 02:00PM

Because it makes no sense to assume they would buy out CUU's share. They have no obligation to do that and would prefer another miner(like Newmont) or large investor (like Sumitomo) do it just like they've done with their other properties. An insignificant program will be bad news for shareholders as it demonstrates Teck still has no interest in developing the property, which Copper Fox needs to attract potential buyers and gain leverage in negotiations. If CUU is unable to find a another buyer then no doubt Teck would entertain a firesale price. Teck has not tried to buy out Copper Fox in almost 8 years and can certainly wait another 8 years.

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Jan 25, 2021 04:18PM
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Jan 25, 2021 04:30PM
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Jan 25, 2021 06:08PM
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Jan 25, 2021 08:31PM
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Jan 26, 2021 11:51AM
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Jan 26, 2021 03:05PM
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