Re: money back
in response to
by
posted on
Jul 25, 2014 07:47PM
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 did not invest just to get the exploration money back. At this point and time I would like to get the money back that I had invested in, due to the fact that I am around 80% down in value.
I really invested in the agreement between Copper Fox and Teck. I figured it was a win win. As long as the FS or BFS was "positive" which it was. Now the agreement has changed.
I am in agreement with Canada Grant.
The worst of it is....getting a good answer from managment on all of these decisions....like bringing drills back and forth, changing the agreement.
I know we have rehashed this and Elmer said it was a "Possible" court case or arguement "Might' not hold up in court, so we had to change the JV agreement which is now better?
Frankly, I dont buy it, and now it is a good "Possibility" that we might be here for a lot longer than we think we might be. I dont see Teck jumping on this anytime soon. Heck they just spent a bunch on money and another company buying shares ....AGM or something like that?
At least with the old agreement, we only would have to wait 4 years. So I guess I agree with Canada Grant.....or if we just got into this to get our original money back....then give me my "Original" investment back and we'll call it a day. But I know that won't happen.
Teck spent $1.5 million in AQM. How is that bunch of money? Way to go and tie the whole MS comment with CanadaGrant. And make comments like this.
Frankly, I dont buy it, and now it is a good "Possibility" that we might be here for a lot longer than we think we might be. I dont see Teck jumping on this anytime soon. Heck they just spent a bunch on money and another company buying shares ....AGM or something like that?