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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%)

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Message: SP Predictions

Everything seems in order. The major indicators are out as of today. The look is more positive than most expected. Yup, I said beware this could be a false rise because there's a lot of under current suggesting a potential crash. But that's been said so I'll move on.

It looks like we will beat the time window. I still expect a small dip after the Show in Van. It may be a lot shorter than I am hoping for. We're seeing Scotia bulk up and a bunch of others including the people who've beaten us down for a year. We're nearing the threshold where they won't try take profit. This is backed by Nrs that are coming. Last year they bulked up and took profits but this is different.

We talked a lot about news compression. Well, there's a lot of news that has to come out before March 4. Roads and bridges, NTL, corporate activites, assays, mine plan, Enviro application progress, money, Annual Info, land, BFS, report from the shows, reRE update and a few more items. Obviously some of this can be combined. The net effect is a pile up of news before the most important show, the PDAC. We have our infastructure under control, including shipping facilities, money men lined up, interested parties for when the BFS is done and we will know about our drilling plans for this year.

This leads me to believe the selling will be small and short lived. Very soon there will probably be rumors of suitors. I know Elmer has mentioned India and several others soveriegns over the last year. I think it will be one of the top 25 producers. I think we will have an offer but may not find out about it for a little while because there will need to be some discussions with Teck.

Time will tell. As we get closer to the March 7 completion we should start to see clearly what's in the wind.

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