Re: PP $2 million

Welcome To the Copper Fox Metals Inc. HUB On AGORACOM

CUU own 25% Schaft Creek: proven/probable min. reserves/940.8m tonnes = 0.27% copper, 0.19 g/t gold, 0.018% moly and 1.72 g/t silver containing: 5.6b lbs copper, 5.8m ounces gold, 363.5m lbs moly and 51.7m ounces silver; (Recoverable CuEq 0.46%)

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Spitfire191

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Re: PP $2 million

in response to

Re: PP $2 million

McLovinit

posted on Nov 17, 2011 10:20PM

"The insiders and Management don't care about daily share price, only what the final buyout will be."

I have heard this comment made many times, and I want to believe it, but the thought that keeps coming back to me is that a higher current sp has to have a positive effect for us. If we were at $2.50 right now than a buyout of $5 - $7.50 seems much more doable. Consider that Teck also has shareholders who they don`t want to upset by "overpaying" for CUU. Their shareholders would likely be more supportive of their manangment on a buyout that is 2-3x the current sp, than one that is 4-6x the current sp.

I understand current sp isn't the be all and end all, but please don't minimize it completely...I'm sure we'd all feel much more comfortable and confident of big gains if this thing was back at $2.70 right now.