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: Scotia Bank

It isn't clear what Scotia is getting at in this article, I assume they are touting Copper Fox..

Metals

A strong rally in base metal prices and firmer gold led the Metal and Mineral Index higher in February. London Metal Exchange (LME) copper prices spiked to US$3.93 per pound late in the month - leading other base metals higher - as some of the late-2011 gloom on the global economic outlook lifted.

"Base metal premiums over LME cash in the U.S. Midwest are also firm, with the Platts U.S. aluminum premium hitting a fresh 10-month high of 8.75 cents per pound in mid-March.

"Aside from lengthy delays in getting metal out of the LME warehouse in Detroit and lucrative warehousing deals, this strength likely reflects a significant recovery in U.S. auto assemblies, scheduled to reach 10.5 million units in Q2 - a level not seen since mid-2007. Consumers and businesses are replacing an aging fleet, with the average age of vehicles on U.S. roads now at a record of nearly eleven years, up from a normal nine."

Copper Fox Metals (CVE:CUU) is a Canadian-based resource company focused on developing the Schaft Creek deposit, one of Canada's largest undeveloped copper-gold-molybdenum-silver deposits located in north western British Columbia.

http://www.proactiveinvestors.com/companies/news/26905/scotiabanks-commodity-price-index-edges-lower-in-february-26905.html


Mar 27, 2012 12:36PM
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Mar 27, 2012 02:18PM
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