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%)

Free
Message: Teck exits Fortescue Metals

When Stifle was buying look what happend and that was nowhere near 40 million shares.

If Teck began purchasing shares steadily in the open market. There is a very good chance that if the SP began climbing, there would be a considerable amount of selling. If Teck decides to continue buying up till the $1.00 or $1.50 mark. The number of shareholders that would bail at those levels in order to "escape" the CUU doldrums would be huge.

When comparing Apples; one must remember that when Stifel began purchasing, the entire commodities market was skyrocketing. Not so, anymore. The market is in the dumps. Any profit-taking opportunity would be welcomed. Therefore, if Teck decides to purchase in the open market following the drill results. There is a very real chance the SP will NOT skyrocket, Nor will Teck purchase at extremely high levels when they would be trying to SAVE money.

Share
New Message
Please login to post a reply