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Gold/Mining/Energy : Copper Fox
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To: Underhill69 who wrote (9952)3/16/2016 12:33:19 PM
From: louel2 Recommendations

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dsikorsk
Underhill69

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" I feel david m wasnt comfortable with direction of the company "

I would suggest the concerns of those who left was not so much the direction of where the company was being taken, But rather the direction of the share price as a result of the difference between early reports and the feasibility study, As Mudguy, Spec, Brundal, Myself and others have brought up many times.

11% IRR , 8% IRR after tax in a location which will cost $3.5B (inflation and cost over runs not included) Plus another $100 to 200 M to finish the Galore road portion not addressed in the Feasibility just to gain access is a low profit venture. Proceeding on the merits of the feas. which is based on copper averaging over the LOM a dollar or more higher than what it is today. Shaft Creek,s $ return is a lower than average venture. The Grind concerns lead me to think they may be exploring the potential of slurrying the ore for transport to enhance the bottom line.
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