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Message: Re: Undervalued??
1
Mar 08, 2011 01:28PM

Aliblaba, I am in total agreement with you in that I also feel The Fox is greatly undervalued. I believe the shareholder base is small due to less coverage. I have made this one of my core positions for all the reason's you stated.

One issue that may be hurting the SP is the up to 10% NSR royalty associated with the final 50% purchase of the Brett. I feel that this allowed RUN.V to only have to come up with $1M up front to make the final purchase and RUN.V will repurchase the NSR down to at least 4% as soon as opportunity arises.

The recent announcement of the addition of Silver Wheaton's Chief Geologist to the Board of Directors is also a big plus and should generate some future exposure, especially since he will be involved in setting up the Brett drill program. Looking forward to the upcomming drill assay NR's.

MISH


Mar 09, 2011 04:22AM

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