Re: Negative Cu production cost

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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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Chappy726

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Re: Negative Cu production cost

in response to

Negative Cu production cost

Chappy726

posted on Jul 15, 2012 05:12PM

Thanks to the person that inboxed me an response... I didn't think to check old NR's. I was wondering if Capex costs were included but it looks like only operating costs.

http://www.copperfoxmetals.com/s/NewsReleases.asp?ReportID=319027&_Type=News-Releases&_Title=Copper-Fox-Metals-Announces-Positive-Results-of-Preliminary-Feasibility-Stu

"...The revenue generated by all the by-products covers all operating costs and adds a credit of (US) $0.32 /lb of copper produced to the revenue stream. Thus, a negative operating cost for copper is estimated;..."\

"....Cash Operating Costs

Cash Operating Costs are estimated at US$12.49 per tonne of ore for the life of the mine. Average costs are US$4.14/t for mining, US$3.94/t for milling, US$0.93/t for general and administration, and US$3.49/t concentrate handling and treatment.

The revenue generated by the production of molybdenum, gold and silver (US$14.36/t) leaves a positive balance of US1.87 $/t. This translates into an additional credit to the copper production of US$0.32 /lb of copper produced."...

I hope to get my own estimate of cu production costs for the 2012 RE in the next couple of days.