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%)

Free
Message: Disappointing

to see us trading at this level. This is same level where I bought over 2 years ago, but it was my lowest entry point. I have bought all the way up to $2.50.

We were anticipating the BFS and we got it. Most of us, if not all, anticipated close to negative cost of copper production for schaft creek. It seems we were misled somewhat, but at the end of the day, it is our decision to stick with this further or not. I am in till the end, but find it very discouraging that we trade at these levels. Will 80 cents or so be our new base? We dropped from $1.20 base to $1.05 base and now we sit close to $0.80. Are more games being played here? I don't know for sure, but I guess we will have to wait for the teck decision.

What keeps me going is that most junior plays hardly ever get to BFS stage in their lifetime. We have done that, and that is a huge milestone. The crappy part is the market at this time doesn't care for us and we will have to wait up to end of April at latest to see how this plays out. I am hoping for $3, and that was always my takeout guess price. That would mean a quadruple from today's share price. Another positive is that insiders own over 65% and they have bought some shares as high as $2.30 or so. They haven't sold any shares. That is another thing that keeps me hanging onto my shares....

Share
New Message
Please login to post a reply