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: Question
1
Jan 14, 2021 06:41PM

Re: ....if there were already suitors you think they would have been privy to this info 

From my conversation with Lynn yesterday, the board hasn't even made the decision to try to find a suitor. 

 

Re: how difficult does the forum think it will be to find a suitor

I think that this will come down to price.  It will be harder at 100% of NPV versus 25% of NPV.  I don't think they will want to sell cheaply.   But I don't know how anxious they will be to sell.  It may be that management will not hurry as they will want to wait until copper prices go even higher.  Either way I fully expect to have to wait another 1-2 years before we find a suitor - this stock makes me wait.  I hope it is sooner but I'm not counting on it. 

I do think that this is one of the reason that the market isn't more excited about VD PEA.  It is fine they say to have a piece of paper that says you are worth that much - but show me the money.

I'm not very knowledgeable in these matters so my opinion isn't worth much. 

 

 

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