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: March 15- Teck annual Report
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Mar 16, 2023 08:11PM
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Mar 17, 2023 10:23AM
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Mar 17, 2023 11:02AM
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Mar 17, 2023 11:26AM

I don't see how anyone other than Teck would buy us. ES said that should a sale to another buyer be required they would have to involve a bank and it would cost millions of dollars. They don't have and as things stand now, will not have,that kind of money.

Are you saying Ernesto wouldn't come up with a few million (loan even) in order to facilitate the liquidation of an asset that will put half a billion in his pocket?  

Teck has insisted that all reports be lowballed so we would need to update them and that's more money we don't have. ES reportedly told Jason to just promote VD. Why?

Copper Fox commissioned the PEA, they didn't have to buckle to Teck again.  Promote VD because the SCJV says Copper Fox (or those they engage) are not allowed to make public statements about SC.

Because ES and EE know they are under Tecks thumb with no way out. A ROFO is useless without another buyer in the wings and for the above reasons that is very unlikely. Just my opinion. I would love it if someone has evidence to contradict it.

Self-inflicted challenges and they are not insurmountable.  Its their job all the same to maximize ROI for Copper Fox shareholders.  The ROFO is not useless, unless you have lame management who are not able or willing to do the work of convincing majors of their " " fair value" " ask.   Or at least be in discussion with majors enough that they can guage what the real market says "fair value" is.

If this work was done then you would have by now a dozen majors familiar with the opportunity and this would eventually get back to Teck's ears that Copper Fox was lining up bidders. 

Copper Fox must not trigger the ROFO without first convincing Teck that a major is waiting in the wings to pay a dollar more than the ROFO price.  The ROFO price that Copper Fox delivers has to be based on the amount a major has already verbally agreed to pay.   EE and ES have to get off their butts and do the work to learn what really is "fair market value".  There is no way around it.  ALL JMHO

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Mar 18, 2023 12:07PM
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Mar 18, 2023 04:15PM
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Mar 19, 2023 11:48AM
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