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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Message: Re: New Presentation
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Jul 08, 2012 02:18PM

The -$0.04 / lb is almost certainly still based on the PFS numbers. Without an official news release BMO would not have access to FS numbers. BMO likely used similar input parameters to provide a fair comparison between multiple different companies. For example, it's unfair to compare production costs of a company that uses $1600/oz gold with one that uses $1000/oz gold. BMO just levelled the playing field and recalculated the PFS production cost as -$0.04/lb.

That being said, I doubt Copper Fox would include these numbers in their presentation if they were not close to their actual feasibility numbers. A good sign indeed.


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