Re: News! Very interesting
posted on
May 14, 2018 05:18PM
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%)
Interesting point. However, my only connection with Copper Fox is being a shareholder for a number of years. I have zero connections with Renmark but was impressed by the info on their website.
As a long-term shareholder, and based on my own DD, I believe that Copper Fox has a great story that has taken far too long to be written. Renmark will, hopefully, translate the story into language that investors can appreciate in terms of future shareholder value.
Just read the FAQ's on Copper Fox website. The company very clearly states that, in their opinion, their shares are significantly undervalued. Their February 2018 Investors Presentation references a Net Book Value (pre-tax) of 97 cents per share at an 8% discount rate.
There are, IMO, too many naysayers (likely long suffering shareholders like me). Time to take a much closer look at the facts.
Then decide - is this company really worth only 10 cents per share? If so, why does Ernesto continue to invest in pp's and why is money spent, at this point in time, on Renmark fees?