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Gold/Mining/Energy : Copper Fox
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From: brundall12/19/2014 10:36:25 AM
3 Recommendations

Recommended By
Hog Head
Tap66
Underhill69

   of 10654
 
'Twas the Friday before Christmas, when all through the people
Not an Investor was stirring, not even the sheeple
Helocs were full and TFSA's were primed
In hopes that St Elmer would deliver this time'

Historical Van Dyke numbers....

The Van Dyke oxide copper deposit hosts an historical estimate quoted as 119.2 million tons that averaged 0.52% copper using a 0.20% copper cutoff (estimated to contain 1.2 billion pounds of total copper)

New Van Dyke numbers....

Inferred total of 108.95 million tonnes averaging 0.437% copper using a 0.20% copper cutoff (estimated to contain 1.05 billion pounds of total copper)

Could have been worse I guess.....In excess of $8 million spent to obtain a resource estimate totalling around 10% less than historical estimates.

The additional drilling required statement should keep the salaries flowing nicely for another couple of years

Altogether not bad from a management perspective
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