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: JV terms and agreements
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Jan 25, 2021 01:19PM
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Jan 25, 2021 01:52PM
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Jan 25, 2021 02:00PM
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Jan 25, 2021 04:18PM
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Jan 25, 2021 04:30PM

You apparently don't know much about business deals either. Teck has all of the leverage thanks to the JV deal. CUU will get a good NPV from the PEA and then they have to decide what value they want on the 25% of SC. The ROFO means it goes to Teck first who will absolutely refuse unless it's a low price.  Then Elmer gets to shop it around and find someone who might be interested. Any potential buyer will contact Teck to find out what's happening. Why would anyone invest dead money in a project with no development plan? CUU has no room in negotiating with a third party either because the JV says the price cannot be lower then what was in the ROFO and there's a 6 month clock to close the deal. Plus you're relying on a management team that spent 7 years waiting for Teck to "optimize" amd " surface value" only to find out they couldn't even show the results to anyone even under an NDA. So they had to pay for their own version even though Teck has just completed a JV version, and deducted 25% of the cost out of CUU's JV value. I'm looking for an opportunity to re-invest but don't see one right now. Yet when I suggest a few things that could generate investment interest you have a problem with it? Maybe take some time off to deal with your issues.

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Jan 25, 2021 06:08PM
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Jan 25, 2021 08:31PM
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Jan 26, 2021 11:51AM
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Jan 26, 2021 03:05PM
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