Hey EG,

My comments on your statements is as follows, and for the record your a great poster who is very knowledgeable individual. I think many people appreciate your posts....but your buyout value for Schaft Creek is frankly too low for us to accept. 

For starters, Elmer has personally told some shareholders/posters here that the company would accept nothing less than $1.25 per share I believe. This statement is reassuring for the longs. Insiders own over 55% of the outstanding stock so it’s good to know 1 guy will determine our fate rather a group of traders wanting a premium to share price. EE is also a savy accountant so number crunching is his skill.

Second, I doubt the company has been around this many years for a 30 cent buyout, they worked too long and hard for small gains in stock price. If you wish to look at market comparisons then I’ll bring a few to your attention. 

Copper Fox’s peers in the industry that are also resource developers with good mining projects:

1) Probe mines gets 526 million buyout from Goldcorp

2) Integra Gold gets 590 million buyout from Eldorado

3) Exeter Resources gets 250 million buyout from Goldcorp

4) First Quantum pays 635 million for 10% in Panama Cobre project

5) Sumitomo Metals pays 200 million for 28% in Cote project from Iamgold 

6) Orion mines gets 1.13 billion from Osisko Gold 

These are good comparables when looking a market value for Schaft Creek. I believe Schaft Creek is even better than most of these projects above and Elmer may agree. Talk to him. When you really start comparing these projects, SC is more valuable and superior asset.

In the end, my thinking is Teck will not be a buyer of our portion in Schaft Creek but rather a seller. If you look at many of their projects they usually have a 50% ownership in the property. Same thing will probably happen here. They will sell along side Copper Fox to another major 50% of Schaft Creek mine, anywhere between 500 million-2 billion dollar deal is my guess.