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Gold/Mining/Energy : Copper Fox

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To: louel who wrote (10615)2/22/2020 9:55:46 PM
From: explorationguy  Read Replies (1) of 10654
 
I've added WEF to my watch list. Looks overbought and needs a pull back for an entry point. I think it's this year or never for Copper Fox. It looks like Teck let the cat out of the bag by publicly describing the Schaft Creek 2019 program a Scoping Study. If true then Elmer spent $88 million to get to the FS in 2012, didn't execute the Salazar agreement as all retail investors, like Metacomet (Del), were expecting and then had to wait 7 years for Teck to finish a first stage technical report( a PEA aka scoping study). In my opinion CUU has to sell SC this year or they are done. They have the revised economics from the 2019 program and won't have any further work on the property by Teck for at least another year. We'll know if they are going to act in about a month once the 2020 program is announced. If they don't announce anything significant by then the market will finish off pricing in the worst case scenario for CUU shares. That would the case where Elmer can't even find a buyer for his best asset.
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