Agoracom: Small Cap Investment - Copper Fox Metals Inc.

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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chops

Jul 19, 2012 03:27PM

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lead mare

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walkingzombie

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Re: AGM report

in response to

Re: AGM report

RabidTiger

posted on Jul 19, 2012 05:07PM

"..600,000 tonnes of concentrate X 30% grade = 400M lbs of copper per year.."

Based on your numbers: 400M lbs of copper @$3.50 a lb current price would give $1.4 billion a year, ignoring the negative production cost; or $350 million for 25%; or $0.86 a share for the 406 million shares. Based on a PE of 8, that would put the value of CUU shares at $6.88 a share and that does not include any other mineral claims etc.

Just a quick napkin calculation!

JMO GLTA!

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