posted on
Jan 09, 2013 09:36AM
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%)
Message: Re: Inferred
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If the inferred gets moved over the value goes from 513million to 1.3B at least. Another way to look at it is $1.25 per share currently to $3.25 per share by moving over the 171mil ton inferred (that's just for liard and paramount, don't forget). As vette alluded we have much much more inferred that is mineralized, we have power #3 in line, port space, and full financing if teck backs in. Then there's the discovery, es, mike, gk, etc...
Folks sit back and really think it through on what we have here. The big picture! Don't be tricked into thinking this project isn't going anywhere because of what the sp is doing. We are valued on paper in the worst case scenario at $1.25. If we did nothing else, the pit was not open at depth or to the north, we didn't have any other claims, no inside ownership amounting to 65%, or no port space, etc.... Zip zilch nothing else to do. We're worth on paper $1.25 with probably a 30% premium on top of that.
It's a good thing that we are not in that position and we have or teck has soooo much more upside potential to look forward to. That's why we will sell for much more than the floor that the BFS has us at 513mil or $1.25 per share.
If the sp drops more, the positive is it would at least allow me to get enough share to put me in vettes league in share count. :)
Everyone has worked hard here in following this story and contributing solid information. Our time is coming and we will all be rewarded by believing and staying rational and patient.
Gita
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