posted on
Dec 05, 2012 05:24PM
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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No offense intended, but if you're here looking for $1.50-1.60, you need to seriously reconsider being in junior mining stocks...the risk/reward is way, way too high for pennies on the dollar. A couple of years ago, Teck went to nearly zero, and it was a profitible company actually mining metal.
I've been in CUU since 2007, bought some of my holdings in the .12 cent range, and I still expect significantly more than $3. If I only want 50% from here, I'm considering Teck, FCX, ABX, NEM, but not CUU. I hold CUU because I'm looking for a much larger gain.
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