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: Cash on Hand

over 10 years ago

in response to Prospekt's message

I don't think they suddenly care about moving stock price up just for spin off.

We are currently at below 30 cents. At what price should the SP be to have a spin off?

That's the issue. Say they want the SP to be at a buck for a spinoff...they need to generate some pretty damn good news at AZ to move this 3-4 folds up to a buck.

On the other hand, they might be waiting for Teck to make a production decision since we are going through engineering studies, waiting for the NTL to finish, apply for EA. We may be getting that extra $20 million in cash.

This Teck decision can easily bump this stock up to a buck or even more.

As much as I want to be bullish about AZ, SC is still the gem, and we need it to shine.