Guess we know about PGS et al

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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Guess we know about PGS et al

posted on Jul 09, 2012 06:33PM

This is a very clear message to the other guys. They have a long row to hoe. PGS will need gold. 1g/t to get attention. This answers the question: Why not buy them while they are cheap? That also means Teck has spoken.

As for Bell:

Management believes that it will be difficult for the Company to raise equity capital due to policies of the TSX Venture Exchange which restrict the Company from issuing shares at a price per share less than $0.05, which is a significant premium to the Company's current share price. As a result, management intends to continue to explore potential strategic transactions with respect to the Company's projects, as announced in the news release issued by the Company on June 21, 2012.

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