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Gold/Mining/Energy : Copper Fox

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To: mahzman2 who wrote (9605)7/24/2015 2:12:17 PM
From: brundall5 Recommendations

Recommended By
biggerbob68
CanadaGrant
dsikorsk
mahzman2
Theotokos

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I'm starting to buy chunks of Teck.....this latest commodity dump has created some real value in the market imo if you have a long enough investment horizon...

as for Copper Fox...the moment that we sold Teck back their 75% for some operating capital and a promise of future staged payments (which began the 'optimisation stage' of Schaft Creeks development) it added at least another 4 years to the timeline investors in CUU will have to wait to see the final end game play out. I think we'll see more optimisation work in 2016, followed by an internal redoing of the bfs by Teck in 2017 and a production decision based on those results in 2018.

It's all about timing and Copper Fox was in the right place at completely the wrong time.
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