Re: Mine plan
in response to
by
posted on
Mar 21, 2012 09:41AM
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%)
Webgogs implies he talks directly with Elmer. My point is that if his revelations came directly from Elmer I would sell holdings to double up on this one. Thats how confident I feel about Copper Fox. Knowing the source of Webgogs information adds even more credibility.
After all, at these prices, with this type of deposit, with a revised RE, BFS, new land acquisition announcement, move by Teck, a surprise factor (and I'm sure there will be one) etc etc etc, a buy at 1.09 is a very smart move in my opinion.