posted on
May 17, 2013 09:46PM
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: Clues
Your Vote:
Did you know?
You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.)
Sorry Vette but I do not share the same opinion as you. That is just what you are saying ....it is just your opinion
Oh boy, here we go.
Yes Dodger it's my opinion, like I posted (IMO). This is a bullboard where opinins are shared.
So what part of my post do you not agree with, explain yourself.
Is it the part about a buyout now making the most sense ?
Is it the part about the untested portion of Schaft Creek ?
Is it the part about the varoius back-in possibilities: $85:80%, $255:60%, $340 million:75%, and spending that money on the untested portion this summer. Unlocking alot of proven potential. The possibility that this could be the proof required by a 3rd party or a bank before a commitment/buyout.
Because I'll tell you what. If we don't get a buyout now, this is what we'll be looking at next. And my whole point was a reminder that spending $85, $255, $340 this summer on the untested portion and the economics while owning 80%, 60%, 25% sounds pretty good to me while other companies are starving for money and stop advancing.
See DNT nr today:
''Given our progress to date and the current global downturn in economic conditions for mineral exploration and development, the Company is reducing expenditures to a minimum while we evaluate program results and costs to date. This reduction includes a temporary suspension of drilling activities.''
Regarding my enthusiasm, well that's a state of mind, being and personality.
You're tired of waiting, ok I get that. But did you take a look at the markets and charts of other good TSXV companies these days..
Take a step back, how about if a buyout would have occured 2 years, 1 year, 7 months ago....What would you have bought with all the excitement and confidence a buyout brings...and where would it be today. What will those charts look like this coming August during the summer dolldrums.
The markets are much much cheaper today than they were, alot of risk has also been removed. For someone who plans to reinvest, this is a great thing and it could get better.
Alot of people here talked about BXX or CCY...both from 25 cents to 3.5 cents today. What entry price do you prefer.
Copper Fox has a way out and will be buyout target (at any moment) with any of the back-in options, it will have alot of money, it will have Teck as operator, we still have Ernesto, we have alot of untested portion yet we already know what will come out of there That was my point.
And the timing is good and could get better.
Don't get me wrong, I prefer the buyout now, but door number 2 is also positive.
And as far as I know the 120 days period isn't over, the shhhh period is good, Teck hasn't walked and they are still in discussions. IMO all good.
30 Recommendations
Loading...
Loading...
New Message
Please
login
to post a reply