posted on
Jul 12, 2012 10:53AM
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: SP
Agree...
The release of a positive BFS removes a tremendous amount of the uncertainty that is being exploited to keep the SP depressed
If the BFS sees public release, and it is positive, I also think the SP will start to approach a realistic valuation
I think we were near that situation when we went $2.70 but the revision in approach, essentially opting to ignore much of the proven mineralization in order to enhance the short term economics, caused the market on the 30% trading shares to bolt
That mineralization didn't go anywhere, and has been added to subtantailly
I expect the SP to approach $3. on the BFS and the takeout at $4.50 by Sepember 15
1 Recommendations
Loading...
Loading...
New Message
Please
login
to post a reply