Roulston refreshes Copper Fox buy

Copper Fox Metals Inc (C:CUU)

Shares Issued 395,474,080

Last Close 10/4/2012 $1.21

Thursday October 04 2012 - In the News

Lawrence Roulston, in the Sept. 27, 2012, edition of Resource Opportunities, refreshes his buy of Copper Fox Metals Inc., recently $1.17.

Mr. Roulston said buy six times between Feb. 16, 2006, and April 16, 2010, at prices ranging from 12 cents to 61 cents. He said sell some -- half, perhaps -- on Oct. 12, 2010, at 82 cents.

Assuming a $1,000 investment for each of the six buys, selling half at 82 cents would have yielded a profit of $5,291.

Mr. Roulston said buy again on April 29, 2011, at $2.42. Assuming a $1,000 investment, and taking into account the remaining $3,000 investment after the October, 2010, sale, the $4,000 position is now worth a pleasing $12,413.

Copper Fox is working on a feasibility study for its Schaft Creek project in British Columbia. Completion of the study will start a 120-day period in which Teck Resources can back in to the project, increasing its interest to up to 70 per cent.

Mr. Roulston feels Copper Fox is in a win-win situation: If Teck backs in, it must finance the next $350-million of work and bring the mine to production within four years (something Mr. Roulston calls "near impossible").

If Teck decides to keep its minority stake, Copper Fox will have control without a four-year time limit.

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