RE:What is Great question!
Most companies have to pay 100% or more of the net asset value plus an additional premium on explorational potential of promising assets within North America.
Majors essentially value a company based on after-tax economics including other metrics to assess fair value.
Copper Fox Metals has one of the best project portfolio of any junior exploration company. Elmer stated in a recent interview that the updated NAV is 840 million (call this a starting point with Teck or another interested buyer)....this excludes the other metrics to determine a fair price. If Elmer and insiders can achieve a full buyout....$2 plus isn't out of the question. I'd like to see our old share price high.