Look At Copper Fox Take Off!
April 07, 2011
– Comments (14) |
RELATED TICKERS: CPFXF
, TCK
Originally I was going to title this, "I Am Going To Blow TMFSinchiruna" followed by starting the text with "...a kiss for pointing out Copper Fox to the CAPS community" but decided against it after about 20 minutes.
Anyway, it's currently up 21% on the Canadian market, and I can't find any news that would make it shoot up the way that it is.
While looking though, I did find this interesting article:
Copper Fox: Advancing North America's Largest Undeveloped Copper-Gold-Molybdenum-Silver Deposit
COPPER Fox Metals (TSX-V:CUU)(“Copper Fox”) primary focus is to develop the Schaft Creek Deposit in British Columbia, which is the largest undeveloped copper, gold, molybdenum and silver deposit in North America.
Copper Fox Metals’ Schaft Creek is subject to a “earn back” option held by Teck Resources (TSX: TCK.A, TCK.B, NYSE:TCK). Teck can earn up to a 75% interest in the project by paying up to 400% of expenditures incurred on the project, on completion of a feasibility study.
Copper Fox has already incurred $60 million of approved expenditures on the Schaft Creek project, and is now completing an updated resource estimate that is expected to be completed by the end of March 2011.
Full article