Re: Foxy.... please see below for Elmer words.
in response to
by
posted on
Mar 14, 2014 11:27AM
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%)
I think Elmer was well intentioned when he mentioned the negative production cost. However, this was a prelim analysis and the real study proved he was overly optimistic in some of his interpretations. Now call him incompetent if you want but I think that given the scale of the project, it can be easy to missinterpret a few datas that can have enormous consequences. Now, most agreed the FS with the results we know was perhaps a really conservative one, yet it has not stopped Teck to backin.
I don't believe in ''blink of eyes'' and ''untold stories''.. I just think we own a very decent prospect with a lot of ressources in the ground that will definetly be mined someday but there is nothing ''special'' with our stock that makes its situation different than any other and that could justify Teck or Copper Fox to hide certain things from you that contains incredible value.
We just own shares in a stock that hard facts have proven a lot less interesting than some individuals wanted to make us believe in. I'm in for a long wait and made up my mind in regards to all my money trapped in this stock - my expectations are low and I can wait for 5 years if needed. I hope we get some interesting rebounds with Arizona or other acquisitions along the way otherwise I'm ready for a long, doll and flat ride to an eventual quite limited success...