Re: We haven't seen everything

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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buckaroo35

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Re: We haven't seen everything

in response to

Re: We haven't seen everything

Metacomet

posted on Jan 10, 2013 08:41AM

Don't forget that Teck had to approve the BFS NR. Also, in the worst case scenario Teck does not back in and we're left with 100%. The BFS states the mine will make 513mil per year/approx. 400mil shares out and you get a $1.25 per share in the worst situation. This doesn't include the 171mil ton inferred or the other 500+ inferred not included in BFS or the fact everything is virtually open in hortizontal and vertical directions, and there's the discovery, and there's the other zones, and we're #3 on the list for power, and if Teck does back in at 75% we're fully financed, and... and... and...

The market does not understand the BFS. Period. We are way undervalued at these prices. The worst case is $1.25 and this would almost be a double from where we are today.