Re: Copper Fox Announces Re-pricing of $1,800,000 Non-brokered Private Placement
posted on
Mar 11, 2020 07:09AM
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 appreciate Ernesto supporting the company. Without him, not sure where we would be.
However, this last news does not feel reasonable, ethic and legit. I can accept 2-3% dilution, 7% at the limit, but at this point, they might as well shut the lights and re-open when Teck will make-up it's mind. What will it be next year if they can't execute? Another PP at 1 cent?
MoneyK