Re: Teck's cost per LB.

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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Chappy726

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Re: Teck's cost per LB.

in response to

Re: Teck's cost per LB.

Pat66

posted on Jan 04, 2013 10:21AM

RT is talking about due diligence: items that affect our value like our FS and its components.

None of us have a clue about what is happening in the background. Somehow I can't quite figure out how we would have played 'possum' (by ignoring 171M tonnes) for two years with our biggest and only chance to maximize our value and sell the project.

Most everyone seems to have convinced themselves that the 171M tonnes is a good thing and part of a great super-strategy - that is not due diligence - it's wishful thinking. It's like taking one or two good cards out of your poker hand and tossing them away.