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: BLACKOUT

Folks, CUU was in blackout because they were releasing their year end financials.

Two to three week blackout periods pending release of financials is standard protocol for public companies.

Done, no more talk about back-room deals.

I think the final end result for CUU will still be positive, but who effin knows about the timeline now..

Let me break it down.

Teck has a 90 day ROFR on Galore. That only gets triggered upon an offer for Galore. Who knows when that will happen..

As Don Lindsay said, they will sit back and see how that plays out.

Accordingly, they will see how that plays out before they make any move on CUU. Theoretically they could exercise their ROFR and take out all of Galore depending on who steps up and what offer they make..

Therefore, that story must play out, before CUU's story plays out.

Anyone aside from Tecck who may possibly be looking into buying CUU is also looking into buying NovaGold's interests in Galore.

Now, it's a buyer's market.

I have to say, you are one dedicated bunch and I hope you all make money.

That said, it's all about opportunity cost and based on where we're at, there is a lot of uncertainty as to when this story is going to end.


Mar 03, 2012 10:03AM
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