Agoracom: Small Cap Investment - Copper Fox Metals Inc.

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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bostrin

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Re: Copper Fox < Gold Fox

in response to

Copper Fox < Gold Fox

youngmoney

posted on Apr 08, 2020 02:00PM

>Gold value increased massively today and the climb will continue folks!<

It is all too confusing to my little mind. I complained to Elmer about Teck in an email. He responded by defending Teck and said it would help if copper prices were higher.

But if Teck was going to build the mine why would they wait for mineral prices to go up? Fuel, financing are cheap. Lots of labour and surplus equiment around. They know there is an upcoming copper shortage and demand will be high, they said that many times.

My guess is that they have no intentions of building a mine but are waiting for the mineral shortage so they can sell the whole works. Maybe Ernesto is not willing to sell cheap and Teck is not willing to work for 75% so the best deal they can come up with, is wait then unload it when copper is in high demand.