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: Re: Freshening up the cuu pages
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Sep 03, 2012 01:16PM
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Sep 03, 2012 06:03PM
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Sep 03, 2012 06:38PM

what makes you think they have funding problems?

I don't think they have funding problems...I think they are trying to keep from going for another funding before the feasibility is out. Because of this I think they closed the camp earlier than we expected.

Here is a quote from Vette on August 24, when he spoke with Elmer:

"I asked more questions about camp closing...he said ''you know how much it cost to have a camp open ?'' lol....I didn't buy that.

Then he also said the board voted to stop the dilution. I didn't buy that either, because what's an extra 5-10 million to unlock the value of the other zones..."

I think that Elmer is stating the truth, i.e. that it is costly to keep the camp open and the board voted against further dilution. Others, apparently, disagree. I don't think they would have any trouble getting funding but I think they didn't want to go for more before feasibility. If feasibility is imminent it would make sense to wait until after the release if you are expecting the stock price to rise, or if you are expecting a quick response from Teck.

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Sep 03, 2012 09:46PM
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