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: Price of Copper
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Mar 23, 2015 02:46PM
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Mar 23, 2015 03:48PM

Because if we get TECK shares it will be much better for us.

It would be just our luck to get Teck shares when they discontinue dividends! I agree though that Teck shares would be great.

Teck has to balance its available funds. I thought I just read they increased their line by another $billion. That seemed to indicated they have a purchase in mind. They also just had their precious credit rating lowered.

I'm not saying they couldn't also use SC, but if they buy a producing mine at this stage it might push our project out a little further. On the other hand they could find a partner for SC, and essentially get the partner to pay most of the costs.

I just think our stock price is rising because of the general sense in the market that copper is heading for a turnaround this year. There is more talk of $3 copper, and someone even said $4 in the next couple of years.

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