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: Over Investd?
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Nov 14, 2012 12:03AM

Hey Dogger, sounds like ridiculous speculation that's baseless and has no evidence for it (even far fetched evidence). In fact there's plenty reason to think that didn't happen. The biggest being why would TT take the wrap for something like that? In fact TT's recent financials have even shown they've had a lot of backlog. It's a big project. It took longer than projected and TT being understaffed (people hired away) and probably under qualified (again the good engineers hired away) so that when they saw it last year it just wasn't up to par to their expectations. They have one shot at releasing it can't give a bad one and then an updated one later because of the contract with Teck. With the poor estimates in the sector (look at baja) they need to make it right, and right the first time. The delays make sense to me because of size and TT having talent taken away. That said the last 2 months (late summer) delay and review time make less sense to me. That portion may very well be related to Teck.

JayJ, TT should take the wrap for it.The responsibility lies squarly on TT shoulders. It is 100% with out a doubt TT`s ball drop. Now just because there finacials show that they were backloged, then what ...It`s not TT fault.You say some of the reason is TT had some of there employies get hired away or the good ones anyways......What does that have to do with CUU and the BFS realase? TT were/are the contractors for the BFS. They have NO EXCUSE....CUU management even said it was TT`s fault!! Many on this baord even questioned TT`s ability to finish the BFS.CUU has to stay with TT, they are sooo far into completing the BFS it would be crazy to have anouther company do now and start the whole process over agian. This was the biggest reason why MR.Gray was hired....to keep TT in line.

As for the delay....I was under the impression, that had everything to do with putting the Silver value on Copper Fox. The BFS was going to be released with-out the silver value. I was one that almost got banned from here ...was told that I was clogging the board up....I said that how can the BFS be complete with-out the silver content. Then the silver content was added and increased the value of CUU.Now I do realise that we are way past being late on the BFS....to me thats a little hard to swallow.....If managment would put something out....we have many things to be released....like the MIRA...ETC....

All and all.... I am still in this to the end....I am still way under water.....but thats ok, because I do think the payout in the end will be worth it...until then...we wait and possibly put a little humour into some of our commintary. Until then, GLTA

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Nov 14, 2012 09:00AM
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