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: CUU Earnings Reinvestment & Balmoral Resources

I've been looking at where to put my money after CUU or SC get bought. I imagine that we'll be bought out before the end of the year if everything goes according to plan.

I was looking at Balmoral Resources and have been liking what I see. They have good management (West Timmins management) and the same sort of approach as West Timmins and CUU (Sell their properties) which is something that I like. They're next to Detour Gold which has said they'd be looking to expand so it makes them a good takeout candidate. This would happen after they start producing in 2013 - which is great timing for us since I figure if CUU gets the BFS out in September, this should be wrapped up at the latest in January (120 days after BFS drop) which should hopefully be a good entry point if the stock doesn't rise too much before then.

I'm thinking if there is a CUU2, it'll probably start off at a "premium" after a huge success selling SC and I can buy back later down the road cheaper - or the amount that we could rise a year after selling SC is less than other opportunities out there and can reinvest at a later time.

Does the board have any opinions? Or where do you guys plan on putting your CUU earnings? I'd especially be interested in hearing from Chappy/Webgogs/Mudguy in regards to what they think of the geology of Balmoral.

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Aug 07, 2012 12:56PM

Aug 07, 2012 01:28PM
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Aug 07, 2012 03:58PM
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