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: M&A
M&A
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Mar 14, 2022 06:13PM

Yes I did get a response. 

What would be the purpose of approaching other majors…….they would say, “what kind of a deal do you have with Teck”….they ask, “do they have a ROFR”……we say, “no they have a ROFO”…..they would say, “then why are you here”! The first offer for this transaction goes through Teck, if there is no agreement then CUU has the right to go to the market, providing they don’t sell for a price lower than what Teck had offerred. Once we get the results from the metallurgical work that is close to finalizing and see what Teck’s budget for SC is this year…then decisions will be made.

 

Marketing is a function of $$..............if you want a really dedicated aggressive marketing campaign it’s going to cost you +$150k….budgets have not been finalized.

Cheers

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