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Gold/Mining/Energy : Copper Fox

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Underhill69

To: mudguy who wrote (9467)	4/11/2015 9:20:35 AM
From: brundall	1 Recommendation Read Replies (1) of 10654

We will probably try to sell Van Dyke before the water issue becomes relevant to us. A finished PEA won't cut it imo.....we will probably have to get to a PFS before anyone comes sniffing around....but we all know how good Copper Fox is at pumping a PFS. No-one will believe the numbers...We will still have to sell at a substantial discount to market due to water and permitting imo but that's ok...but if you can spend $20 million on a project and turn it into $35 million...that's not bad overall. Unfortunately it's at least another 2 years before that stage is reached and more dilution will be necessary to get there....unless Teck makes a positive production decision at Schaft Creek

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