Roulston says why to buy Copper Fox Metals
2013-01-24 16:35 ET - In the News
Lawrence Roulston, in his Jan. 16, 2013, edition of Resource Opportunities, tells readers why to buy Copper Fox Metals Inc., recently 88 cents. Mr. Roulston said buy six times between Feb. 16, 2002, and April 16, 2010, at prices ranging from 12 cents to 61 cents. He said sell half on Oct. 12, 2010, at 82 cents. Assuming a $1,000 investment for each of the six buys, selling half of the $6,000 position would have yielded a profit of $2,291. Mr. Roulston said buy again on April 29, 2011, at $2.42. Assuming a $1,000 investment, and taking into account the remaining $3,000 position after the Oct. 12, 2010, sale, the $4,000 position would now be worth $9,336. Copper Fox owns the Schaft Creek project in B.C., for which it recently completed a feasibility study. Although the study, which estimates a net present value of $513-million and an internal rate of return of 10.1 per cent, is less positive than earlier ones, Mr. Roulston, as always, remains optimistic. He believes that the value of Schaft Creek warrants a higher valuation than the current price.
