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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
Post by goldwatcher2on Sep 30, 2010 7:04pm
551 Views
Post# 17514799

Think about this

Think about thisWe already know that CUU property is a huge resource that will be getting bigger as new info. and recent drilling is brought into the picture. Now I am sure Teck will 'back-in' which leaves CUU with 25%. Elmer at the recent Toronto show said to me they "want to be bought out of their 25%" (and retire rich lol.... my words). Lets say Teck left CUU with 25% (unlikely). That would leave things open for CUU to sell their 25% to another, say, deep pocketed company (Extrada, BHP?) who then, because of the long life and richness of this resource makes an offer to Teck shareholders to buy Teck out. Soooo, leaving CUU with 25% complicates things for Teck in a lot of ways (not the least of which is 25% of the profits going elsewhere). Anyway, just thinking out loud and perhaps someone with more experience in these matters than me would like to comment...Cheers
Bullboard Posts