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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 chunkytoaston May 05, 2011 7:26pm
693 Views
Post# 18537495

The one thing

The one thing
You're all overlooking is the 78% of LIARD that CUU earns when they present the FS to TCK. it's equal to 23.4% of the mine ( benefits of the mine after payout ). Why would TCK wait for the BFS and lose 23.4% of the mine only to have to buy it back from CUU later.

Our most recent acquisition was 1.9% of LIARD and added to the 78% TCK share we will earn equals approx. 24.5% of the mine in addition to whatever we are left with after TCK backs in. That's a lot more than the 25% everyone here is talking about.

It just makes sense to me, TCK has to buy us out before we present them with the BFS and earn that 78% of LIARD.

Sometime between the RE and before the BFS.....chunky
Bullboard Posts