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Gold/Mining/Energy : Copper Fox
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To: Theotokos who wrote (9655)9/29/2015 6:34:17 PM
From: brundall2 Recommendations

Recommended By
biggerbob68
Hog Head

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The financial catastrophe here is mind boggling....

$90 million was spent on a Schaft Creek feasibility study that produced barely economical results. A report that obviously wasn't accepted by Teck as complete and trustworthy due to the years of optimisation and tweaking required to get it up to snuff......then they blew through another $24 million on an imo ill advised liquidity payment so that their largest shareholder could recoup some of his money and a couple of startup properties in Arizona that will require significant funding ala shaft Creek in the future.

440 million shares out and a share price of 15 cents

There's only one person giggling throughout the last 10 or so years

For the rest It's a nightmare.
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