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Jay Taylor Copper Fox Metals CUU-X DON'T BUY Jul 30, 2008

Northern B.C. of about 7.7 billion pounds of copper, 8 million ounces of gold, 400 million pounds of moly. Stock fell sharply when NovaGold (NG-T)/Teck Cominco (TCK.B-T) project Galore Creek was halted. If this gets back on track, and he thinks it will, copper stocks will do very well. If not it will be difficult as they would need a huge amount of capital. Better places to put your money right now.

Jay Taylor

Owned

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$0.375

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BUY

Copper in northern British Columbia. A tremendous resource that is developing. Have some great projects.

DON'T BUY

Project is quite low grade .32% copper and less than 2 grams gold. Location is not that great either. Tough location and Cap X to build this thing is grater than $3 billion. If you are comfortable with this, it is probably a good leverage to gold.

COMMENT

When you see a very big parabolic move, you have to start thinking about if its gone too far. Be careful and make sure you have your stop-losses ready so you can bail out any time the stock breaks below about $2.10.

BUY

Likes the story and is bullish on copper. This is a good way to get leverage to the price of copper. Have a deposit in BC and will be completing a feasibility study later this year. Reasonably well financed.

DON'T BUY

(Market Call Minute) Large low-grade deposit.

DON'T BUY

A category of Junior companies that is going to be in real difficulty. $3 billion-dollar upfront CapX with their deposit and the deposits capital efficiency, internal rate of return, makes it difficult to go into production this cycle.

BUY

Teck Resources (TCK.B-T) have exercised their option on the Shaft Creek deposit in BC so they can let them pay for the continuation of the development. This company has a large resource and a partner with deep pockets.

HOLD

Tech Resources is going to fully fund their project called Shaft Creek. Stock got beaten over concern how they would fund it before Tech stepped in.

DON'T BUY

Extremely risky.

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Jay Taylor Copper Fox Metals CUU-X DON'T BUY Jul 30, 2008

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