Re: Some Math

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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RabidTiger

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Re: Some Math

in response to

Re: Some Math

RabidTiger

posted on Dec 23, 2012 09:38PM

Okay I redid the numbers assuming our waste rock has value.

Our NPV increases from $513M to $1885M.

Our IRR increases from 10.13 percent to 14.88 percent (huge improvement).

For those interested, the economic numbers seem to indicate first year profit of 205M followed by 20 years of 405M profit. These results seem to match our NPV and IRR numbers.