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.
in response to Willy Nilly's message

"My understanding is that if Teck doesn't want to play by the rules as currently established, Copper Fox have every right to look elsewhere for a major to come in and start a mine...."

The Agreement says that if Teck decides not to exercise the option, they can receive, at their option, a 1% net smelter royalty or $1 M worth of CUU shares.

Or once CUU delivers the "Feasibility Notice" and a copy of the BFS, Teck has 120 days to decide which back-in option to choose. After the 120 days, Teck's back-in option and the first refusal right for the properties would expire. CUU would have 100% of SC and all the adjacent claims and the company would be worth a lot more. CUU can sell its assets to the highest bidder. That would be heaven to CUU shareholders. JMO

Please login to post a reply
walkingzombie
City
Alberta
Rank
President
Activity Points
2356
Rating
Your Rating
Date Joined
10/22/2011
Social Links
Private Message
Copper Fox Metals Inc.
Symbol
CUU
Exchange
TSX-V
Shares
439.1 million FD shares
Industry
Metals & Minerals
Create a Post