Current price is ~$1.20 - support $1.20 - 52-week high $2.75
Market Cap $424.2M
Shares Out. 375.4M
Revenue (FYR) ---
EPS ---
Why to buy?
Copper Fox owns 100% working interest in the Schaft Creek deposit subject to a 3.5% Net Profits Interest held by Royal Gold, Inc., a 30% carried interest held by Liard Copper and an earn back option held by Teck Resources. Copper Fox is currently earning a 78% interest in Liard Copper from Teck. Teck’s earn back option to acquire 20% to 75% of the Copper Fox interest in the Schaft Creek project if the completion of feasibility study is positive. If Teck elect to exercise its option for 75% they are required to fund subsequent property expenditures up to a total of 400% of those incurred by Copper Fox ($63.6 million as of July 31, 2011) and arrange for project financing, including the Copper Fox portion.
Refer to http://www.copperfoxmetals.com/i/pdf/CUU-PP-Nov-2011.pdf for presentation.
Analysis:
Refer to the chart above, we see the stock creating a base (support) at ~$1.20). Copper prices have gone down from its highs but still above its lows. A lot of insiders have been purchasing the stock throughout this year. Selling only occurred in the first quarter of the year when the price was going up. On Nov.17,2011 copper fox annoucnecs a $2M PP unit offering which is 100% insider participation in the offering at $1.22. If the insiders are purchasing their own stock, it shows confidence.
Refer to http://canadianinsider.com/node/7?menu_tickersearch=CUU+%7C+Copper+Fox+Metals
Website: http://www.copperfoxmetals.com/s/Home.asp
You are reminded that you are responsible for your own due diligence. We share in neither your profit nor your losses.
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