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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: Re: WHOOOEEEE $244per share
2
Apr 09, 2012 12:06AM
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Apr 09, 2012 07:34AM
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Apr 09, 2012 08:23AM

Yes, but the failure to understand that authors point hasn't

I remember the derision directed toward that article when it was first published

At no point does the writer suggest that $244 is a realistic or even an imaginary market price for the shares

He very carefully describes his premise that totalling the market value of the contained metals in the measured catagory and dividing by the number of shares outstanding one gets that result

It seems a very worthwhile yardstick to compare different properties and was instrumental in my interest in Copper Fox and subsequent investments

It was seized upon by several of the SH gang as an example of how ridiculous the Copper Fox proposition was to have such a ludicrous claim of where the shares might go

I resented their distortions of the intent of that article then and see a glimmer of the same sort of backhanded criticism now

If folks really don't get the point of that piece they shouldn't be investing in the mining sphere

4
Apr 09, 2012 09:07AM
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