Re: Is Copper Fox still your investment of choice today?
in response to
by
posted on
Jan 07, 2014 08:05PM
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%)
However suppose it was a revenue property that you had purchased shortly before a housing crash such as happened in the States. You would know you were down in value but you would not sweat as much because most people would believe that at some point the market will rebound and you will make a long term profit. The key is to wait it out.
The issue with that is selling the revenue property would take a lot of time, would have a lot of fee's (real estate agent, lawyers, brokers etc.)
With stocks, you can sell a portion or the whole thing for under $10 in fees and with minimal time. The other thing is, you can buy the same stock back whenever you want which you can't do with a property. With the property, you're still getting paid out to wait - this isn't a dividend stock. It doesn't matter if your house is worth $100k when you bought it for $200k if you were going to get $1k/month either way (arbitrary numbers).
The two really aren't comparable as types of investments...the only thing they have in common is that they are investments.