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%)

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Message: Re: Baja tanks
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Apr 23, 2012 09:55AM

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Apr 23, 2012 12:15PM

dsikorsk, go to SEDAR.com, get into the CUU site and you can read every document, including MD&As ever released by this co.

There is no comparison of CUU to BAJ. we're exploring and they're developing. we've consistently said, we aren't interested in mining this property, it's TCKs job, and one they do very well.

It's been suggested to me we may raise enough money to drill 20 wells, approx. 20 mill. and to me that would be folly. it would mean a new RE, for the umpteenth time, and an updated or reworked FS making everything we're doing now redundant. including the usual warrants it would amount to about 7.5% dilution and would lower the buyout price on a per share value.

with the size of this district it will take decades to explore. Elmer said in the Q&A we now have to think decades just for mining the starter pit. there's already lots of proven resource to make a mine, so proving more now is detremental to current sharholders,IN MY OPINION.

Let's make a deal and get on with Copper Fox 2 for the next leg.....chunky

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