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Gold/Mining/Energy : Copper Fox
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To: brundall who wrote (9712)11/26/2015 1:05:40 AM
From: louel2 Recommendations

Recommended By
biggerbob68
Hog Head

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The reason behind the figures I previously posted. Is that Labor at the time V/D became uneconomical was only 1.5 x the price of the product (copper) Showing it was a high cost operation. Today labor all inclusive would be over 15 x copper . And price of machinery has also out paced it. So it leaves me to wonder if the figures they presented were somewhat optimistic. Especially as you say they are based on inferred figures. Personally I won't believe the numbers till they are stated as fact.

An old saying comes to mind Fool me once shame on you, Fool me twice, Shame on ME

Inferred resources are not based on any drill hole campaign but rather a guess. Inferred resources rely on seismic data of the area in question. There is absolutely no assurance of mineral grades or volume that would be above cut off, which would provide a financially viable venture. They are pure and simple speculation.

Now the Question. Where and how do they acquire capital going forward ?
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