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: Rio Tinto gets offer
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May 10, 2013 02:34AM
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May 10, 2013 11:41PM

Bottom line is that it does not matter what we, as individuals, think.

I agree.

What matters is what the overall market thinks

I half agree. You're looking at the wrong market. You're looking at the average retail buyer, traders and and computers as the overall market. That's who's been trading our shares and has as a consequence decided what the overall value is. That's not the market that we should care about though. That's not the market we're selling to.

The market we'll be selling to is the major miners, and front of that line is Teck. We should care how much THEY value us at. The ones who are experienced miners, are bullish on metals and decades long investors - not the average guy buying a junior miner thinking it's a lottery ticket with a few months at best as a timeline.

That said, you can argue that the majors aren't looking to buy projects and that market is weak too. M&A has been at their lows. Overall sector sentiment is bearish. But at the same time, the trend will reverse - M&A will pickup, sentiment will improve. A sale of SC could be a catalyst.

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May 12, 2013 02:56PM
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MES
May 12, 2013 10:51PM
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