posted on
Apr 08, 2012 10:28AM
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%)
Message: Re: Timeline
Not sure if your concerns over the missed timelines havn't been adequately explained
I am satisfied that Tetra Tech was assuring management that everything was a go and then fell on their face with the finished product, that was deemed inadequate
These explanations fit the facts as I understand how that unfolded
As far as pumping, I won't characterized the enthusiasm that permeates a lot of the posts here as pumping
Pumping has a specific objective, artificially inducing a rise in share price, thru promotion, in order to sell at a profit, the dump
I won't attribute those motives to anyone here
It is mistake to confuse pumping with irrational exuberance, although they do resemble each other
I take your concerns regarding slippages, but we are still a gnat on a elephants butt in the overall scheme of things mining wise, and should not expect to be treated with the defference of a major...yet
As to guessing the when of the back-in/buy out, that remains a fools errand
We can only observe thru the big end of the telescope what is happening with our little piece of the sphere and make semi-educated guesses what is going on
I think it is imminent, I am encourged by Teck grabbing all of the moose pasture around Copp Fox as far as the eye can see
I will not release a share of what I have accumulated, opting to incur the penalties on my tax bill which will be peanuts compared to the return I expect to gain by not selling to pay that bill
It's hard to do I know, but let it run
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