Brien Lundin, in the August, 2012, edition of the Gold Newsletter, refreshes his buy of Copper Fox Metals Inc., recently $1.15. Mr. Lundin said buy four times between March, 2006, and August, 2008, at prices ranging from 37.5 cents to $1.14. He then said sell in July, 2009, at nine cents. Assuming a $1,000 investment for each buy, selling the $4,000 position at nine cents yielded a $3,364 loss. Mr. Lundin said buy two more times -- in August, 2011, at $1.75 and in March, 2012, at $1.34. Assuming a $1,000 investment for each new buy, the $2,000 position is now worth $1,514. Copper Fox is acquiring the Van Dyke and Sombrero Butte projects in Arizona from Bell Copper Corp. For Van Dyke, it must pay $2-million over eight years. Van Dyke has a historical resource of one billion pounds of copper. It produced 11.8 million pounds of copper between 1929 and 1945. For Sombrero Butte, the company must pay $710,000 by January, 2014. Sombrero Butte, which is an earlier-stage project, lies two miles south of the 1.1-billion-pound Copper Creek project. Mr. Lundin says the two new properties will add value in the long term, but the main source of Copper Fox's value is its Schaft Creek project in British Columbia.
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