Re: BFS Timing
in response to
by
posted on
Jun 11, 2012 11:32PM
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%)
Good points MES. I disagree with you on the option agreement though. It sounds like even Copper Fox has had trouble understanding it, especially regarding which lands are included in the back in agreement. It also complicates things because our future ownership level is unknown (25%? 100%?). I think that the option agreement is creating an overhang for us.
But all this is very simple.... I am scared that they know something that we don’t.
This is my fear as well. One reassuring thing is that the blackout seems to be air tight. There was not a single indication that any inside info leaked before the Resource Estimate was released. Therefore, I doubt any inside info is contributing to the low share price. A low short interest also indicates that we are simply being ignored.