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Gold/Mining/Energy : Copper Fox
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To: louel who wrote (9711)11/25/2015 7:14:14 PM
From: brundall2 Recommendations

Recommended By
biggerbob68
louel

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They are certainly trying hard to make the PEA numbers look impressive at Van Dyke.....

Pre Tax NPV 8% Van Dyke $213 million vs Schaft Creek $513 million

Post Tax NPV 8% Van Dyke $149.5 million vs Schaft Creek $67 million

The problem is that the Van Dyke PEA is 100 % inferred and is utterly meaningless without substantial drilling and expenditures over the next few years. Who is going to purchase VD based on completely inferred numbers? my bet is no-one....which leaves Copper Fox in need of massive funding to drill VD to at least get the inferred into the measured and indicated categories.

This is a never ending story of Investor dilution....I honestly feel bad for everyone trapped here.
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