Re: The good, the bad, and the ugly
posted on
Dec 21, 2012 11:56PM
We are all shocked, no doubt. This tidbit from their website sure makes it seem things would be improved upon.
The value of a mineral project has two major components, the Net Present Value of the mineral deposit based on a feasibility study and the value related to the potential of finding additional mineralization. Copper Fox identified four aspects of the preliminary feasibility study that would have a direct impact on improving the economics of the Schaft Creek deposit. These are: i) "a higher-grade" starter pit, ii) increased daily milling rate, iii) reduced capital costs, and iv) a realistic resource estimate geared toward maximizing the economic return/benefits of the Schaft Creek deposit over the life of mine. Sorry posting from my phone.