Agoracom: Small Cap Investment - Copper Fox Metals Inc. - Re: Why would Tech want two copper mines

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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: Why would Tech want two copper mines - CUU and the other half of Novagolds?

in response to

Why would Tech want two copper mines - CUU and the other half of Novagolds?

Moneytospend

posted on Mar 03, 2012 12:53PM

Depends on the Price Teck wud have to pay for NG's Share IMHO.

By far, (according to all the Resource Data to Date) CUU would be more ROI effective in early Years....That does not preclude lower Cost for Mining of Galore "Down the Road", once inital costs are mitigated. They don't have to do it all at once....Long Life Reserves ? PRICELESS!