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: Teck 52-week low and back-in/buy-out thoughts?
13
Sep 04, 2012 08:30PM

Agreed, lower grade doesn't matter as long as it is economical (capex and opex), and environmental. Big push on for energy (oil/gas) to get greener and the same is happening for mining (e.g. see the Shell Quest carbon capture project in the oils sands announced today - Alberta and Ottawa gov't contributing $745M and $110 respectively).

http://www.theglobeandmail.com/globe-investor/shell-launches-first-canadian-oil-sands-carbon-capture-project/article4520968/

But I digress - I'm still eagerly waiting for the NPV numbers from the BFS. Wonder if we can get the 8% discounted to $3.5B or $4B ... hopefully more. The 5% discounted NPV could be a very high NPV if the TPD is over 200k - I'm guessing we could be processing around $6-7 million of saleable minerals a day at that rate running at max capacity (rough napkin calculations).

Then we add the wildcard for extra mineralized lands in the district - hopefully with the Mira's done and correlating nicely with the existing drill holes in Paramount/Liard/others.

The bubbly is ready to go for when the BFS comes out - yes, sparkling goodness for breakfast that morning. Elmer and co., please don't disappoint!

GLTA

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