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

To: explorationguy who wrote (10515)	3/25/2018 1:40:32 PM
From: louel	Read Replies (1) \| Respond to of 10654

I would say this is artificially low. actually I would place it in a pump catergory. Prefeas and anything prior to the actual feasibility document are interest generating reports. Remember CUU it was going to run on something like -$17 credits until the feasibility study was released. Guess what ? Surprise ! I doubt some have got over it yet Transportation of $65 would not include, loading at the mine, Trucking to Revelstoke handling,secure storage at destinations prior to rail ship, insurance, (It's gold they are moving) and off loading and reloading onto a vessel if it were to be sent off shore. No mention of destination or who the other party in an off take agreement would be. $65 bucks may get it to Toronto or Seattle. We shipped some hardwood logs which came off a sight we worked on near Chetwynd to Tolko's plant in Kamloops. Rail car cost only was $25 a ton. Trucking from the site to railhead, reloading and securing for shipment on the cars was a further expense paid by us. You can drive from one town to the other in a day. So I suspect shipping cost from the JL project may require readjustment. The NSR cut-off of CDN$110 per tonne was derived from $75/t mining, $25/t processing and $10/t G&A. additional studies are estimated to cost an additional $800,000. A drifting and drilling campaign to expand Mineral Resources would be a sizable program and could cost several million dollars. I like the Greenwood prospects But I'd rather they rode one horse at a time till it is at least productive. It is beginning to remind me of their former Bralorne fiasco. It was to be the greatest thing since the discovery of sex or sliced bread. It wore out I suppose because it is in other hands. Greenwood has potential. But I don't like the fact the CEO himself is trading against his share holders. Who knows what is or is going to take place in a company better than the CEO. He signs every news release. Very close in my opinion to trading with inside knowledge. I dealt with Mike before he was up front about things. I brought it to his attention that when he phones and says things are coming together as planned, Seems a coincidence that Wolfe is offloading shares. Haven't heard from him since. Be cautious.