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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Message: Re: Negotiations - RE2
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Jan 15, 2012 12:11PM

It's hard to imagine what "retail" with respect to CUU looks like.

We know that between insiders and self identified longs, about 70% of the shares are locked up.

That leaves retail with the tip of the whip, and it is hard to imagine that fraction doing much other than gaming the price a few cents, even on the release of good news, as we have seen in the past.

Since the BFS will be a tool for the 70%, I can't get too excited about what "retail" might do on its release.

As long as it shows breakeven, the rest of it is not critical to the value of the mine.

The BFS will not be the vehicle that baselines the value of the mine at this point.

It will be driven by data developed a year or more ago.

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