Re: Copper Fox announces a $2,500,000 Private Placement Unit Offering, insider commi
posted on
Feb 22, 2013 03:05PM
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%)
Exactly
As you read the stories of the explorers who have failed or have been forced to almost give away their assets (Sombrero Butte?) for the lack of ability to obtain funding, we need to thank our stars for EE
...and as painfuil, (actually with the number of shares out, it isn't all that much more) as the added dilution may be, the bigger story is EE remains committed
This is an insider buy that really helps us, more so than sweeping up a few odd market shares at .79