Re: Share swap

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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chunkytoast

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Re: Share swap

in response to

Share swap

explorationguy

posted on Aug 27, 2019 12:20AM

Good thinking explorationguy but, as usual, the devil is in the details. what value should be assigned to cuu's shares.

If I use Koala's figures of $1550/oz X 1.5 million oz. divided by 500 million, rounded, shares I get $4.65 per share. If we recieved 60% of this value and threw in all the copper, molly and silver it would still be approx $3.00/share.

I don't think Teck wants to pay that much but someone else may considering the value of the JV agreement and the exploration potential.