Agoracom: Small Cap Investment - Exgen Resources Inc. - Market cap ~8 million dollars

Welcome To The ExGen Resources HUB On AGORACOM

The Company is focused on the discovery and development of large polymetallic porphyry copper deposits in North America - an area that host numerous world class polymetallic porphyry copper deposits.

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ryoung8918

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Market cap ~8 million dollars - CUU has $20m coming from Teck

posted on Jul 19, 2013 11:26AM

File this under "complete speculation":

During CUU's JV telecon Elmer was asked about possiblities for the $20 million Teck was to deliver on signing of the JV agreement. He made reference to possible additions to CUU's properties. Given that BXX is trading for peanuts, and that he's obviously very familiar with BXX's properties, couldn't BXX be a target?

BXX is cash poor with a lot of ground to try to explore. I could see a buyout/merger being of benefit to both. Probably the best time to do this would be after BXX's reverse split and CUU sells their 25% of Schaft Creek. The likely CUU 2.0 spinoff company would then merge/buyout BXX.