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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%)

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Message: Re: Chat with ES
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Jul 05, 2013 01:34PM
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Jul 07, 2013 10:53AM

CUU's only risk as a junior would be for the major partner to bleed them out then take the mine.

Absolutely ridiculous claim. Please try not looking at things with rose colored glasses. Currently Teck is not our partner. We have no partner currently. We have someone who may or may not declare an option to take part of the mine. Read the disclosures. Teck may or may not act. Granted, they likely will become our partner given they haven't already said no - I've said that. However, let's pretend they don't become our partner - there IS that risk even if it's probability is low. If that happens, sure we now own 100% but ES himself has said this mine is so large it is not something a junior or a mid-tier can effectively handle, i.e. drilling everything that needs to be drilled building everything etc. Sure we may sell for several billions more - but the dillution to get there? Your percentage of the pie will be much lower. The return will be lower. What about the most important concept of finance - time value of money? We may "make more" for waiting but what about the opportunities we miss by waiting. That's the real cost of not getting this done sooner.

This is highly unlikely as Teck's reputation in dealing with juniors has shown. This is also actually impossible because CUU's wallet is loaded, and in fact the longer this takes the better.

I've addressed the dillution that would be related. I've addressed the time value of money. Longer would not be better.

CUU is not beholden to make your personal timeframe and I'd venture a guess many on the board are tired of reading your negative opinion on management.

My personal timeline? It's the timeline that THEY HAVE GIVEN TO INVESTORS and used to make a decision and have BROKEN. This is not the first time. This is a REPEATED offense. Investors are clearly frustrated. They're "stuck" in this investment. I still believe something positive can/will happen. Again, destination may still be good but the journey is terrible. Management can easily make the journey more bearable and they do nothing for the passengers. Also, this is a free board - not a board for just the positive rose colored pumping. Not everything is positive. It doesn't have to be either! There can be positives AND negatives and the positives still outweight the negatives. Everything that Vette says all the time can be true, but management can still be horrendous wil their timelines and clarity. Not that the recommendations really matter - but enough people don't seem to mind reading my posts. I've had people PM me and thank me for posting. I'm sure some people don't like reading them and hearing some negatives, but they shouldn't be investing in a junior, and maybe not in stocks at all if they can't hear some negatives that ARE going on. It's not bashing, it's realism. Again - you don't need to have 100% positives to invest. You just need the positives to outweigh the negatives - doesn't mean you can't point out or complain about the neagtives.

If you have made the mistake of overextending yourself that's not really CUU's fault. Your options are crystal. Sell or Stay

Please, don't be so condesending. Again, I never blamed CUU for what I've invested in. I DO blame them for having information out on more than one occasion, and that information not coming to fruition (BFS date release, 120 day timeframe etc.). Timeframe is just as important in an investment as risk and return. 99% of the posters here, on SH etc. thought that the investment would "be over" last year and even the ones who thought it would drag on thought it would do so months ago. How can the collective be so wrong unless they all used information that just was misleading or management wasn't clear? And I can choose to stay (and have never said I planned on selling) while still pointing out what's going wrong.

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