Re: 2008 vs 2012 Capex

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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Chappy726

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Re: 2008 vs 2012 Capex

in response to

Re: 2008 vs 2012 Capex

koala

posted on Jun 26, 2012 07:20PM

Capex doesn't matter in mining or valuation of a mineral deposit? You have got to be kidding right?

CUU's real value is in the SC deposits (Paramount and Main). The other properties can ADD value but till proven that they hold value, they may be only worth $20,$30,$40 Million (i.e. a few pennies a share).

If CUU is going to claim a nice premium for the project, Capex needs to be such that a decent return can be made after 1) purchasing the project and then 2) building and mining the project. Any exploration upside we can demonstrate will only compound on the merits of the original project.