Very interesting article! If they had held on to Cuu shares; instead of the 78% loss, they could have made upwards of 900% gain! They sold at 0.065 cents for a 78% loss; so their costs would have been around 30 cents. If they sold at the high of $2.75, they would have a 900% gain. Even right now at the current depressed price, they would be sitting on a 400% gain! They did find the big bottom fish but let it slip away!
This article, although outdated, is interesting in several points:
- It confirmed what vette and others have been saying that TCK has a 4 year limit to put SC into production once they back in 75%.
- The author thought that the metal prices would be so depressed after 2008 that it would be impossible to produce a positive BFS. I guess they are quite wrong on that; metal prices have rebounded nicely and are in fact higher than those used in the 2007 FS. Just based on the 3-year trailing metal prices, the upcoming BFS should look much better than the 2007 one. In addition, Cuu found better grades and much more minerals.
- The author thought that Cuu would not survive financially after the 2008 crash; in fact, Cuu is doing fine financially with its own banker in the name of Ernie who keeps supporting Cuu in PP and in the public market whenever the need arises. From the article: “Thanks to the market crash CopperFox is now in a difficult financial position.” How deadly wrong the author was!
One thing remains the same as Prospekt mentioned and that is, until TCK makes its move, it appears there’s hesitation in the market. Bring on the BFS!
Other than that, Cuu sure has proven that most of the pessimism the author had with the company was totally wrong!
