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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: Timing of metals and value
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Aug 08, 2019 01:39PM
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Aug 09, 2019 05:04AM
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Aug 09, 2019 07:56PM

Actually that’s a great point and worthy of debate! There are likely several scenarios regarding how this story will play out! The outcome will be sudden and market will not digest it IMO.

Teck could definitely get involved and help us sell our share plus SOME of theirs....a new partner will likely want a 50-50 ownership situation! This means Teck would need to put up 25% from their 75% and our whole interest of 25%. Teck would absolutely get involved in the selling process and should work along side copper fox to find a buyer for fair value. As example, say the whole SC asset/property is worth 2-3 billion....that’s fair for a large advanced mineral property with several deposits and exploration potential in a safe jurisdiction with increasing metal prices.....50% of it goes to third party for 1-1.5 billion....Teck/Copper Fox split that value evenly! There’s your special dividend for shareholders of record.

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