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.

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Copper Fox Metals Inc

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Comment by chunkytoaston May 05, 2011 8:32pm

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Post# 18537738

RE: RE: The one thing

The option agreement is clear, on presentation of a BFS, Cuu will have earned TCKs 78% of Liard copper.

If that occurs and then TCK backs in they will get the percentage they go for but, CUU will own 79.5% of Liard and that portion of Liard will effectively turn us into a royalty co. after payout, 6 yrs. or so down the line. that's 79.5% of the 30% of the net profits of the mine. that alone will be worth a fortune and it's in addition to whatever percentage TCK leaves us with after buyout. it would give us two different and valuable segments of ownership. TCK has to buy us out before the BFS.

TCK could never justify losing their share of LIARD to their shareholders......chunky

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