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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Message: Re: Another acquisition coming...
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Jul 17, 2013 06:20PM
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Jul 17, 2013 06:47PM

That would certainly be the financial responsible thing to do in the current market and with the current float size.

To start spending on acquisitions when there are no clear signs of commodity prices reaching or forming a bottom would just not be a good thing presently. They are better off buying back shares, and trying to increase our support until a clear sign of commodoty turn araound is confirmed. It's pretty safe to say that for the near to mid term, commodoties will continue to fall, and whichever acquisition they can get today will more than likely be even cheapper tomorrow.

Patience and fiscal responsibility equals success in this market segment. IMO of course

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