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: Timing of defamation action
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Mar 31, 2014 01:48PM
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Mar 31, 2014 02:10PM

Great post! I disagree about a near term takeover offer as our share price sits at all time lows that there can not be a "substantial" buyout when we are at 28 cents. Our share price needs to improve greatly to see over $3 or higher per share. No mining major will pay a 1500% share price premium. This can not happen over night so our price needs to gradually improve over time. Elmer makes it clear in the news release that he looks forward to the 2014 program results as this should prove up our value we seek. A buyout could happen in 2015/16 as people realize this and are selling for better short-term opportunities in the market. I do not believe there is any near term conclusion for this investment on the horizon. This "spectacular liquidity event" you speak of in the near term is unsupported and pure speculation but I do believe we will get a fair offer in the long-term rather your suggested timeline. Permits and revised BFS would help expedite a buyout offer IMO.

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