Re: Copper Fox Shares Sink After Feasibility Study on Schaft Creek

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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Metacomet

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Re: Copper Fox Shares Sink After Feasibility Study on Schaft Creek

in response to

Copper Fox Shares Sink After Feasibility Study on Schaft Creek

stockfriend

posted on Dec 30, 2012 04:40AM

"The feasibility study, prepared by Tetra Tech, estimated a base case net present value of C$513 million using an 8% discount rate, and an internal rate of return (IRR) of 10.13%, with a payback period of six and a half years.

Copper Fox Metals (CVE:CUU) saw its shares plummet more than 20% Monday, after announcing a feasibility study for its Schaft Creek project in British Columbia, which pointed to a net present value of C$513 million, compared to a capex estimate of over $3.2 billion."

Somebody should have had the sense to qualify those parameters as measures stipulated by Teck and not representative of the actual potential of the project