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Copper Fox Metals Inc V.CUU

Alternate Symbol(s):  CPFXF

Copper Fox Metals Inc. is a Canadian resource company focused on copper exploration and development in Canada and the United States. The principal assets of the Company and its wholly owned Canadian and United States subsidiaries, being Northern Fox Copper Inc. and Desert Fox Copper Inc., are the 25% interest in the Schaft Creek Joint Venture with Teck Resources Limited on the Schaft Creek copper-gold-molybdenum-silver project located in northwestern British Columbia and the 100% ownership of the Van Dyke oxide copper project located in Miami, Arizona. Its other projects include the Eaglehead Project, the Sombrero Butte Project, and the Mineral Mountain project. Eaglehead is an advanced exploration stage polymetallic porphyry copper project located about 50 kilometers (km) east of Dease Lake in the Liard Mining District, British Columbia, within Tahltan territory. Sombrero Butte is a Laramide age, exploration stage, porphyry copper project located in the Bunker Hill Mining District.


TSXV:CUU - Post by User

Bullboard Posts
Comment by kroghon Oct 28, 2006 9:00am
438 Views
Post# 11572801

RE: The Fox...

RE: The Fox...A very natural question. The only sensible reason I have heard is that metal prices were low and Teck wanted to get rid of some of their deposits. They were not looking to develop it themselves anytime soon. Shaft creek is just one out of many examples where a junior has bought a nice deposit for a low price. Look at Novagold for example. Clearly majors sell deposits that later turn out to be very profitable.It would be wrong to conclude that a deposit is bad because a major sold it cheaply. Cheers.
Bullboard Posts