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: Buy-out Price

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Dec 29, 2012 12:52PM

"You're confusing price and value..."

Isn't that all a matter of semantics? There's no point arguing on the exact meaning of the words, I think. pcguy is correct to say the price a third party is willing to pay in an arm's length transaction is the best estimate of what something is worth - the market value, a widely accepted definition in accounting.

Of course, we all believe cuu is in fact worth a lot more and the current market value does not reflect true value, at least for now; that's why we are hanging on to our shares.

The BFS numbers are disappointing and that has impacted the sp. But if one looks at the entire property, not just the 1,500 acres, but the entire 50,000 acres with all the potential, and the potential to generate steady revenue for the next 50 years, a couple of $ billions is peanuts (that would be $4 - $5 for cuu). Surely the big guys (all the giant mining corporations especially the Chinese ones) must be looking at SC from the big picture point of view. Surely they would love to get a chunk of this huge multi mineral reserves at a reasonable price. JMO

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