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 METACOMETon Oct 18, 2011 12:30pm

289 Views

Post# 19159567

RE: RE: RE: RE: RE: RE: RE: more dilution??!!!! wo

I disagree that Teck would have a problem funding 250 million in 4 yeasrs.
Their expenditure profile will not be at all similar to what CUU incurred.
Their costs to finish the road, extend the power to the site, procure equipment, build mills and start the pit should easily surpass 250 mill within the alotted time.
And if they should for some reason fall a bit short, in the real world this would result in a negotiation to finish out.
They would not simply forfeit their interest on a specific day.

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