Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Copper Fox -- Ignore unavailable to you. Want to Upgrade?

To: brundall who wrote (9446)	4/8/2015 10:25:37 AM
From: Tap66	Respond to of 10654

Agreed, especially that many juniors with more advanced projects have lost 90-100% of their value and we have unfortunately experienced the difference between a PEA and a BFS and it can be night and day in terms of the real economics of a project. Why would anyone pay 200 mil for this when they can by 10 to 15 projects with potential? I says 20 mil for an initial purchase of 2 mil would be pretty amazing. Of course it won't change that little issue that we are still stuck in this shit hole for the long run.

To: brundall who wrote (9446)	4/8/2015 3:31:39 PM
From: louel	Read Replies (1) \| Respond to of 10654

"up to $15 million in Teck paid costs" Copper fox gets only 25% value of Tecks out paid costs. The other 75% stays with Teck if your talking monies spent on yearly work programs or things after the JV agreement. Above and beyond the $24M cash. It is a 75/25 partnership remember. Teck is required to fund the first $60M before Copper Fox becomes liable for 25% of any future spending which would be financed by Teck. No where have I read the total 100% value of that spending is awarded solely to Copper Fox. It would be my interpretation, Teck, is required to contribute & spend the first $60M to complete their earn back. The value enhancement of such spending is owned by the J/V. Which then belongs to the partners. With respect to the percentage each holds in the partnership. If I misunderstand this please direct me to where it clarifies or states otherwise. And CUU is to be awarded 100% of the value generated from the initial $60M.

To: brundall who wrote (9446)	4/8/2015 10:25:09 PM
From: explorationguy	3 Recommendations Recommended By minder Theotokos Underhill69 Read Replies (1) \| Respond to of 10654

Anyone who wants to place any significant value on Van Dyke(I don't) would have to explain the valuation on a similar type of ISR project such as Excelsior's Gunnison deposit. They have the following resource numbers: and the following stellar after tax economics at a PFS stage: Yet the market value of MIN is $ 26 MM. A buyout at a reasonable 1.5 X would be $ 40 MM, for a project with 3x the resource number of VD and PFS stage. If a project like this is out there why would anyone buy Van Dyke?