I'm surprised there has not been more discussion about Seabridge's PFS released today. This mine will be very similar to ours. Here's a side-by-side comparison of some of the key facts:
|
Seabridge |
Copper Fox |
Mill Rate (tpd) |
130,000 |
150,000 |
Mine Life (years) |
55 |
15 |
Strip Ratio |
2.1 |
1.9 |
Concentrate Grade (%) |
25 |
32 |
Proven and Probable (M tonnes) |
2164 |
812 |
You can see that Seabridge has a monster deposit. Unfortunately for them it also comes with a monster price take to build.
You can also see that Copper Fox is a little light on their reserves. Fortunately it does not sound like Elmer will have any trouble finding more copper on our property.