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: BFS Q1

Feb 10, 2012 08:48AM

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Yes, its great if we can prove up more and get a bigger bang for a buyout but at what point do you say enough is enough? Do we remain an exploration company for 5yrs? 10yrs? and expose ourselves to the risks of the market and world economy turning sour? This thing nearly tanked out of existence in 08 when the financial crisis hit. I for one and I think many here would certainly not like to go thru that again with our investments. We had just about 150m shs outstanding in 07 if I can recall and then when it tanked and we needed a big investor to inject more funds in it costs the company big so now we have over 380M shrs outstanding. Dilution can kill any significant gains we get with further exploration. Besides that large investors, especially the larger institutions, do not like to see such a huge concentration of insider ownership ( up to 65% and going up weekly ). The time now is ripe to get this thing dressed up for the big beauty contest. Let's get her on and get this thing sold to the highest bidder. NO MORE DELAYS! We've had enough time to get it get it done right. Any further delays and investor credibility plus patience will go out the window IMHO.


Feb 10, 2012 05:07PM
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