Re: Bankable

Welcome To the Copper Fox Metals Inc. HUB On AGORACOM

CUU own 25% Schaft Creek: proven/probable min. reserves/940.8m tonnes = 0.27% copper, 0.19 g/t gold, 0.018% moly and 1.72 g/t silver containing: 5.6b lbs copper, 5.8m ounces gold, 363.5m lbs moly and 51.7m ounces silver; (Recoverable CuEq 0.46%)

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sydneyb

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Re: Bankable

in response to

Re: Last 10 on Alpha

teamjen

posted on Dec 09, 2011 03:02PM

I Maybe a little simplistic here TJ, & no offence intended,

Have always thought of it as the Merriam Webster Dictionary states:

"Acceptable to/ or for a Bank"

"Profitable"

The precise Terms & Cond. of how or o/wise that any Funding agency would bankroll a Project & expected ROI are of course theirs to lay down/ decide.

IMHO we will be very profitable esp. with a Production Cost of Negative .32 Cents/ Lb. (Based on old 2007#'s) -Not too many Producers in a Market Downturn or Price War could compete with this. Since we expect the Cu Market to grow Who knows what we are really worth????