I copy/pasted what I thought were the paras most relevant to - though no mention of - Copper Fox. Does anyone care to compare Copper Fox with the juniors  that *are* mentioned? The link for the whole article is here…

https://www.theglobeandmail.com/business/commentary/article-first-quantum-teck-copper-takeover-offers/

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...So how does the current tension between mining’s buyers and sellers work itself out? The big dogs may start looking for smaller meals, by targeting junior companies that own undeveloped properties.

“We are likely to see further consolidation although it can be hard to add value buying production at a full and fair price,” RBC Capital Markets analyst Sam Crittenden said in a recent report on the outlook for copper. “The focus may shift to exploration stage companies, where M&A activity has been less active in recent years.” Potential takeover targets include Filo Mining Corp. – already partly owned by BHP Group – Solaris Resources Inc., Marimaca Copper Corp. and Arizona Sonoran Copper Co., according to Mr. Crittenden.

The problem with buying projects that are years from production is they fail to move the dial for major mining companies. Investors aren’t willing to pay now for cash flow and profits that will take up to a decade to materialize.

Most major mining companies boast strong balance sheets, and they all need to keep adding new reserves as existing mines age. If the price of copper continues to rise – as most analysts predict it will – the urge to do megadeals will become irresistible. There are a handful of companies with the scale that global players desire: Along with First Quantum and Teck, the list would include Hudbay Minerals Inc., Ivanhoe Mines Ltd. and Lundin Mining Corp.

History tells us a few of these miners will be acquired at a premium, and some of the buyers will regret the price they pay.

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