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Gold/Mining/Energy : Copper Fox

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Underhill69

To: cpac who wrote (9785)	2/16/2016 3:15:14 PM
From: louel	2 Recommendations of 10654

Sorry about the previous double post I'm not sure what happened. The report from CUU is dressed up as best as they could. In regard to shaft creek It clearly demonstrates what they "have" compared to what they Had before the J/V. The biggest numbers is the inferred which is speculative. Correct me if I missed it but I seen no timeline. I found no reference to any permitting or even expected or potential of any kind. The biggest news is , C/F now owns only 25% of the 85% they originally owned of Liard. I guess Elmer could toss another lead anchor to drowning shareholders. He could look for offers to sell Copper Fox's share of Shaft Creek to another company. If he did and only received a lowball bid in this market. Say of 4 or 6 cents per share. He would be under obligation as per the J/V to transfer their holdings to Teck at the same price if they simply matched the offer. Mineral Mt is to expensive to move on because of the Exchange rate. That puts V/D in the same boat just miles apart in the same state. It does not suggest anything to me That would cause me to mortgage the farm. I really don't think anyone expected much more. Maybe Elmer's salary should be made commensurate with investor profits.

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