Copper Fox Metals Inc V.CUU

Alternate Symbol(s): CPFXF

Metals & Mining Industrial Metals & Minerals

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

Copper Fox Metals Inc

Bullboard Posts

Comment by Mrigson Jan 02, 2011 12:02pm

476 Views

Post# 17916174

RE: RE: A bit of help

Actually Accountant he is bang on.

Technically right now CUU only owns roughly 67% of shaft creek. 30% owned by Laird, 3% owned by others. So tech can buyback 75% of 67% leaving Copper Fox with 25% of 67% or 16.7% of Schaft creek.

Our final amount of interest in Schaft Creek will be one of the following.

16.6% if tech buys back 75% and we dont' receive the shares of Laird
23% if Tech buys back 75% and we do receive the shares of Laird
40% if Tech buys back 40%
53.6% if Tech buys back 20%
67% if Tech does not buy back.

Bullboard Posts

Gold, growth and sustainability in focus for Mandalay Resources