posted on
Jan 09, 2013 01:40AM
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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Well the market is saying 1/4 ownership plus 25 of 30% revenues of the schaft creek option(which we know has 1.8 billion tons of resource) with a commitment to spend 340 million dollars and take into production, port facility, an agreement with the Tahltan for their, to be constructed, laydown and fuel yard, access to hydro from a transmission line 50% complete, and a environmental application only waiting on consultation with adjacent First Nation over use of a highway which is already constructed and used by other mining companies to haul ore past no FN communities (there are no first nations communities between Devils creek and Stewart) is worth less then 300 million.
Give your head a shake. What exactly is the market afraid of here? It is stupidity.
I am frusterated mostly because I may have to sell portions of my holdings at these levels.
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