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Gold/Mining/Energy : Copper Fox

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To: explorationguy who wrote (10616)2/23/2020 1:14:28 PM
From: louel  Read Replies (1) of 10654
 
Pull back , yes I agree. I believe that the 10k of WEF I bought $1.07 I dropped again at $1.36 when it appeared to be stalling out. Volume was dropping off and RSI 14 was over bought. The initial euphoria was petering out. I suggested perhaps $1.25 but it depends on when the reversal signal shows up on the chart.

There is still six months till a full Q operating report. and 9 months till the report after the tariffs are cut if they are. I believe they will be as being an Election year in the US the admin will want the economy as boyant as they can make it. Lower tariffs will aid housing.

Considering the time frame WEF price could well make a double bottom.

As far as CUU I firmly believe it will be taken out. The resource is just to large to be dropped totally by Teck. It is to close to the new facility to be built for Galore Creek. Actually may be even closer than the farther points of Galore. Teck owns nearly all claims claims between the two. And they have not yet been explored. Eventually Schaft creek could easily be folded in.

The concentrate from Galore is to be pumped in a slurry. to Bob Quin for transport load out to Stewart . By combining the two projects using the same already built delivery system vastly enhances Shaft creeks IRR.

They did mention a different location for milling to cut costs, than in CUU's 2012 Feasibility '

I have 25 to 50 K of CUU each year for the last three years prior to the coming year program. When they announce nothing significant I list them again a couple of cents or more higher till next season.

It may take some time yet but It will be taken out. Just to much there , To close to all the infrastructure that has to be built for Galore to be dropped.
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