RE: RE: RE: ResultsThere's about to be a blitz of info from the mining initiative and the BC gov't. This will draw a lot of attention. World wide Canada is being recognized as #1 for places to invest. It's becoming obvious that the USA can't fix it's problems. Their number one issue this week is whether a Mormon is a Christian. Even the "religulous" are starting to see this as insane, In one way the politicos are hoping the markets will correct the problem. But the markets will remove the bad teeth with a sledge hammer. So some good teeth will be laying on the floor too. There are better ways. They could choose to become the Atlantis of modern times. Due to racism that's not going to happen. Instead, we will see Atlantis form here.
Americans are sneekily moving corporate head quarters out of the USA. We have been seeing them come here for the last 5 years. They are also moving wealth and knowledge to Germany. You can consider the German moves as repatriation for what they stole right after the war. These subtle changes signal the truth about the future. That truth is that the USA is dead. That means the money will come here as well as Brazil and Germany.
As the media and advertising grows you'll see the general momentum of investment dollars look North. It will start as a trickle and then turn into a tidal wave. Any company looking to buy is already aware of what's going to happen in the next three years. I expect they will not wait to act. I see companies suddenly having an interest in Canadian assets simply because there's no where near enough availible to satisfy all the money. They know that they have less than 18 months to cherry pick. After that, I don't see billion dollar deals really making their investor happy and it becomes a tale of "that's the best we could do".
Copper Fox has 3.5 Schaft Creeks. That's my conservative estimate. The Titan is going to prove me right. What a lot of people don't know is what there is in our South end. Most people think the 1000 meter possible extension is just more tonnage. Partially true but if you examine the geology close and look at the larger picture you will begin to realize what's under us. Look close at the North end and read about veinlets and the complex geology starts to show the true picture of how our district was formed. We have brechia all over the place. Look up brechia to learn how they form. Combine that with porphry deposits and you'll see that we expect to find high grades in addition to the massive medium/high copper concentrations.
The Teck deal is causing companies to hold off. BUT. The deal is worth about a billion dollars or better. At some point we will get an equity offer or a serious JV partner and I think that may come this month. If that doen't happen the price tag goes up about $1.50 a share. Then companies will begin to be excluded from negotiations on the basis that they had their chance. Let them go to their share holders and say we could have and should have but now we have to pay a premium because the ante just went up two notches. With all the media and investment pressure that's coming we are bound to have an offer we can live with shortly. Let this be the biggest blunder in the history of other companies who didn't make an early offer.
The smartest albeit hardest thing for us to do is go into mining. Go public and announce our intentions. Tell the world the price is $24 a share or don't even bother calling. Let it be at that. Then tell the world we have 50 years of of high grade copper in the best place on earth and list the plus minerals. Show them the gold! If you want to focus on mining why not clear the deck first. If someone suggests $22 a share then announce the price has gone up to get rid of stupid offers. No negotiations! Full price or pound dirt. Do the math. Set copper as $1.25 and gold as $800. Do the same for the other plus minerals. What's our base case share price? How low can we go and still keep the sp at todays level? The truth is we can sell at the cutoff listed in the RE and we could do it indefinately. We don't want to obviously but it does show the true strength of the deposit. We should be able to sell product even if we suffer the same levels as the Great Depression. That's strength. So let them beg.
The main reason people want this sold is they want their money now and I don't blame them. Me too. If we got $6 now we could pig out on the bargans or just hole up for a decade. At least we would get to choose. I still want $7.87 and a spinco. Let's see what next week brings.