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: What do we have to look forward to?

YourNadir,

I was having the same thoughts as I ponder whether or not to use 2014 TFSA contribution to purchase more CUU shares or look at alternative investments. I decided to email Mr. Stewart with some questions I had.

I have resigned myself to the fact that this may take a lot longer than anticipated when I started purchasing a few years ago. However, for those willing and able to wait, I believe we will be rewarded. The value continues to be unlocked and the market will eventually rebound. The company is in a good position to ride it out.

Here is our email exchange.

1st email

thanks for the e-mail. Please see my comments in brackets to your questions.

If you want please feel free to call me to discuss any questions you may have.

Regards

Elmer

Hello Mr. Stewart, Happy New Year.

Drill results for Schaft Creek were delivered in December 2013.

Drill results were highly anticipated but seemed to fall short of expectations. At least my expectations. (the grades and thickness of the mineralized intervals were typical of Schaft Creek. On the west side of the deposit, the mineralized intervals and grades would be less as seen in the drilling. DDH 432 and DDH435 tested the inferred blocks with thick intervals of mineralization… DDH 433 was the step out approximately 300m east of the current resource block model showing that the mineralization does extend to the east. I was very pleased with the 2013 assays.)

I was under the impression that there would be about 10,000 meters of drilling and we got results of around 3000 meters. ( yes due to later than anticipated start, bad grounds conditions which slowed drilling progress and weather conditions in October)

Are there more results yet to come from the 2013 campaign or is it complete? Please clarify and correct me if I was misinformed with anticipating about 10,000 meters of drilling.(no more assay results for 2013)

Other than what we may read from Teck's year end conference call and forward guidance regarding the Schaft Creek property (if any), what catalysts can we look forward to that could move our share price? (possible milestones could be; PEA on Van Dyke copper deposit in Arizona, drilling program on Van Dyke copper deposit, potential sale of interest in Schaft Creek, possible acquisitions)

I do not anticipate much now from Teck other than announcing a 2014 drill program. So do we wait another year while our share price continues its downward trend? (The overall resource section is considerably undervalued, not sure why? The fundamentals suggest a turnaround in the resource sector. Also if Copper Fox sells its interest in the Schaft Creek then the intention would be to distribute the proceeds of the sale to the shareholders)

I feel that I got caught up in the hype on this stock/property and was encouraged by earlier cost/lb estimates and the Salazar agreement that seemed to have us in a sweet spot.(yes and that was now almost 6 years ago. Operating costs have risen substantially, But Schaft Creek still has a low overall total cost and cost to produce a pound of copper net of other metal credits when compared to say Teck’s other operations. It mainly about the cost to produce a pound of copper)

2nd email

See comments in brackets below.

Regards

Elmer

Elmer, thank you for your quick response.

I do have a few more questions if you are able to answer them.

Were DDH432 and DDH435 drilled into the inferred 171MT that was part of the BFS that had to be treated as waste? (yes)

If so, do these results speculate that all or part of the 171MT waste would be moved to proven, probable, measured or indicated? ( a part, but supports interpretation that additional drilling is required to the east)

We missed drilling more in the east toward Mount Lacasse to potentially expand the pit and enable us to eventually get to the better grades that are deeper.( DDH 432, 433 and 435 were helpful in demonstrating that size of the pit could be larger. Need to confirm with mining engineers)

Would you expect Teck to hit this area in 2014 and do you anticipate an early start and aggressive drilling campaign in 2014? (it would be the logical next step. What is to be completed in 2014 at Schaft Creek needs to be proposed, discussed and agreed to at the next meeting of the management committee)

Finally, are we actively pursuing a sale of Schaft Creek at this time or would it not be in our best interest to ride out the downturn, wait for 2014 drilling results and hope to add considerable value before selling?( all scenarios are valid, the more drilling should add value, waiting out the down turn would also help, will do some what if’s cases incorporating the 2013 data to see what changes occurred since 2012 study)

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