posted on
Oct 27, 2012 01:01AM
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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%)

Message: Arizona
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Sorry boys...I'm done.
While I do own some Boxxer (...which I am hoping will rise simply due to the "Elmer's Midas Touch" effect, once the Copper Fox story hits the mainstream media), and while I will certainly not turn down any CUU-2 shares in an upcoming deal, I will not be investing further.
Why not?
Because in my world, when you make a deadline, you stick to it. And if that means working late, or working the weekends, or getting in extra staff, you do it.
(Like I've mentioned earlier, if I gave deadlines like these guys do, I would've been fired from my first consulting job 20 years ago. I fully believe in the saying that "...people want results, not excuses!". [Or, Elmer, here's another goody: "...under-promise, over-deliver..." - your reputation won't take such a beating if you follow this last one]).
I invested on the basis of certain pieces of information (i.e. BFS) being ready by a certain (promised) date. I consider these dates to be like "critical path" junctions on a Gantt chart - future activities (i.e. me getting on with the rest of my life and not having to worry anymore about my investment portfolio, as well as pursuing other investment opportunities) depend on THIS activity being completed. If "no", then all subsequent activities get pushed back accordingly.
I keep hearing posters saying (...especially this week) that "...this is a good time to buy more". For some of us, we can't. Why not? ...because I hit my limit investing months ago upon the basis of receiving a BFS months ago. Obviously, I would have spread my buys over a longer period (...had I known the BFS wouldn't be released until the middle of fall), but why would I, when I was promised months and months ago that the BFS would be released. (I wouldn't want to miss the BFS, right? ...so I'd better be fully committed by the summer! ...yeah, right!)
Of course, when the buy-out happens, we'll all look back and tell ourselves what geniuses we all were for seeing this opportunity before the general market did. I know a 3-bagger from here will do wonders for erasing my short- to medium-term memory, but I like to think that there are other opportunities out there that, frankly, while they may not have as much upside, certainly won't have nearly as much stress.
(...but I thank all of you profusely for your great discussion posts for helping to relieve some of that stress...)
...just my humble opinion...
Ice
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