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: Copper fox volume

If there is a lot more value to SC compared to the 2013 FS then we need either a new FS from Teck or Elmer to sell SC with the information he can provide to prospective buyers after they sign a CA.

That is exactly what is going to happen, imo. Ernesto and the board will sell our portion of SC for fair value. Once this year program is concluded in the next few weeks, tThe new and updated NPV numbers will provide us with just that, current fair value. If TECK doesn't make a move first, then copper fox will probably trigger the right of first offer and put TECK on the clock.

We don't want to see an announcement at year end that the "conceptual" study has been completed and more fiddling around is proposed.

Nobody wants that, copper fox management included. I can see that happening only on the off chance another work program would unlock significantly more value at SC, something in the hundreds of millions of dollars. For just a 5% or so incremental value increase at SC, it is not worth it to wait another year.

 

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