Re: Brass tacks....
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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: Brass tacks....
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Ah yes... The outdated "article" you refer to dated July 27, 2011... http://www.bus-ex.com/article/copper-fox-metals
Direct quote from that article..."Stewart should know. He’s been in the mining business for 30 years, holding the position of QP (qualified person) and in this time has helped bring on stream five different gold mining operations. “Even assuming that we could raise that much money alone,” he says, “it would leave the company highly exposed in the event of a market downturn. I already have the board’s agreement that selling our interests is the best course of action.”
But to be fair, perhaps we should also take into consideration the following News Relases from CUU after that July 27, 2011 date
| March 27, 2012 | Copper Fox Completes Land Acquisitions Covering Positive Magnetic Lineament at Schaft Creek Property |
| March 19, 2012 | Copper Fox Updates Activities on the Schaft Creek-Copper-Gold-Molybdenum-Silver Project |
| February 28, 2012 | Copper Fox Reports 2011 Annual Financial Results and a Corporate Update |
| February 16, 2012 | Copper Fox Locates a New Zone of Copper Mineralization 1,200M North of the Known Schaft Creek Deposit; Drilling Extends the Paramount Zone to the South With an Intersection of 0.56% CuEq Over 324M |
| February 03, 2012 | Copper Fox Announces Drilling Intersect of 0.96% CuEq Over 110m and Reports Metallurgical Testwork Results |
| January 30, 2012 | Copper Fox Announces The Closing Of $2,200,000 Financing By An Insider |
| January 23, 2012 | Copper Fox Announces The Issuance Of 1,272,727 Shares For Outstanding Debt Settlement |
| January 18, 2012 | Copper Fox Announces a $2,200,000 Private Placement Unit Offering Insider Commits to 100% Participation |
| January 13, 2012 | Copper Fox Announces Shares For Debt Agreement |
| December 14, 2011 | Copper Fox Announces the Closing of $4,000,000 Financing by an Insider |
| December 12, 2011 | Copper Fox Drilling Expands Paramount Zone with Intersection of 1.10% CuEq over 65m, and Updates Corporate Activities |
| December 05, 2011 | Copper Fox Announces Increase of $2,000,000 to previously announced Private Placement Unit Offering. Insider commits to 100% participation in the Offering. |
| November 17, 2011 | Copper Fox announces a $2,000,000 Private Placement Unit Offering. Insider commits to 100% participation in the Offering. |
| November 15, 2011 | Drilling Intersects 0.91% Copper Equivalent over 387M at Schaft Creek |
| November 01, 2011 | Copper Fox Announces the Closing of $2,000,000 Financing by an Insider |
| October 18, 2011 | Copper Fox announces a $2,000,000 Private Placement Unit Offering. |
| October 17, 2011 | IP Survey Significantly Expands Potential and Locates Potential New Zone at Schaft Creek |
| October 13, 2011 | Copper Fox Secures Shipping Facilities for Concentrate at Port of Stewart for Schaft Creek Project |
| October 03, 2011 | Copper Fox Announces the Closing of $5,000,000 Financing by an Insider |
Having taken the information from the above news releases into consideration, do you still feel Elmer will now/still stand behind what you quote him to say ..i.e. "I already have the board’s agreement that selling our interests is the best course of action.”
Just askin'...
Regards...
Guy
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