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: Today's lack of interest

and my choice to remain bearish. You have no indication there will be any movement any time soon. Same story, Teck is not going to pay dollars for a stock trading at .18 p. The only thing to move this is a bullish return to the commodities market, currently not insigh, and that may even not happen since we are completely tied to a Teck decision. An offer from Teck right now would be a disaster for longs.

Teck is in bad shape and Fort Hills was going to be their cash cow. Should look better for first oil in 2019, break even at FH is $90. Be prepared to wait that long, I think we're 3-5 years out if Teck acts and that hinges on another commodity cycle.

I'd love to be more positive, sometimes it just feels good to complain. If you don't like it, don't read it and reply to me.

Share
New Message
Please login to post a reply