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: Memo to self.....
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Sep 21, 2014 01:28PM

I don't have quite as many shares as Canada Grant, but I'm of the same opinion. I bought the bulk of my shares when the price was north of $2 and it makes no sense to bail now. It's sink or swim at this point.

I personally think we're going to see a mine and we'll have some positive movement with the catalyst being the completed EA. Nothing is going to happen until the numbers from this Summer's activity are plugged in and reflected in the EA (increased throughput, logistics etc). Once the EA gets the final signature and is in Teck's hands, we'll get a production decision - not before. Too much unacceptable risk. The economics are already there and they are going to improve, but a failed EA can still kill it all, and no matter how remote/improbable that possibility is, it's still too risky for Teck to ignore. IMHO.

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