Copper Fox Metals Inc.

Welcome To the Copper Fox Metals Inc. HUB On AGORACOM Copper Fox Metals is a Canadian-based resource company focused on developing the world-class Schaft Creek Project in northwestern British Columbia.

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Re: CUU could sell control

almost 12 years ago

in response to Prospekt's message

Not sure about that

Their 75% back in becomes effective after they have earned it I thought

The JV by contract is within 60 days from BFS as we discussed before

Absent some other transaction, CUU (or assign) is the designated controlling party in the JV

This would be untenable as the junior interest JV partner would be overseeing the multi-billion dollar Teck capitol outlay to build the mine...to earn the 75%

That is a fatal gotcha

So Teck must be processing exactly what position they need to take with this

Which I think is a whole lot more than they originally planned on one hand and unacceptable on the other

I can see support for an asking price in this