What's The Panic?

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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Russ Reid

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What's The Panic?

posted on Nov 21, 2012 02:31PM

I imagine 2 scenarios here. 1) The BFS is not completed yet. 2) It is completed. If 1 is correct then we have to wait. If 2 is the case then ----------- We will see it shortly or CUU is in negotiations with TECK. If the company is negotiating with TECK then that's good and we will see the results when negotiations are completed. Either they reach agreement or they don't. If they reach agreement I can't see it being a bad agreement so we will prosper. IF they don't reach agreement then we will try to sell on the open market. In that case we should also prosper as predictions are for a copper shortage and we all know where gold is headed. Should be all good but maybe I'm out to lunch.