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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
Comment by Rudee.on Nov 09, 2011 8:13pm
240 Views
Post# 19224472

RE: RE: RE: RE: $1.12!

RE: RE: RE: RE: $1.12!Yup. But if you want to see a selloff of a stock, wait and see how quickly CUU drops in price when Teck officially announces they are not picking up the option on CUU. The vast majority of people who are holding CUU are holding for a potential buyout by Teck. If that doesn't happen, you will see a lot of investors hitting the sell button. And for those who say that Teck not backing won't matter because another big player or the Chinese will buy out CUU. Good luck with that. Most all of the buyouts in the copper space have been for producers. The big seniors - especially the Chinese - are looking at producers or near term producers for buyouts. If you don't believe me, just look at the copper companies that have been bought out the past 3 years. They've been producers. CUU may likely trade sideways or down for a long time if Teck passes up the option. This is a huge risk, and this is why you have seen a lot of people cashing out and putting money elsewhere. Also, Teck CEO Don Lindsay learned a valuable lesson when it comes to takeovers and buyouts when they bought Foarding Coal. They certainly will not overpay for CUU, so people are dreaming if they think they will get anything more than $2.50 for CUU on a buyout. That's my opinion.
Bullboard Posts

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