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: Snow melt

Yeah, IIRC I did say mid-2022 but this timeline was predicated on my prediction of CU spot attaining $6.50 or something like that by now.  I got the direction of CU right but not the magnitude.

I'm updating my prediction to: the months and quarters following CU spot holding above $6.50 for a quarter.  That's where Don and Sheila start losing their minds over the skyrocketing takeout cost. 

Its a day I look forward to but I somehow don't see this happening this year.    Hopefully we don't get a deep recession and copper can continue to move higher over the next two years.  Even if  copper can stay above $4.50 for the next two years it will do wonders for the three average copper price, i.e. it would become a minimum $4.50 as an average.  See what you get when you throw that number in your economic assessments, MoneyK! 

Share
New Message
Please login to post a reply