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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: WRN BFS is good
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Jan 07, 2013 11:37AM

Jan 07, 2013 11:43AM
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Jan 07, 2013 12:47PM
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Jan 07, 2013 01:06PM
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Jan 07, 2013 01:38PM

If we add the 171 million tonnes then it starts to look a little more interesting.

http://agoracom.com/ir/CopperFoxMetals/forums/discussion/topics/558197-some-math/messages/1756617#message

Shaft Creek Casino
Strip Ratio 2.0 0.59
Tonne Ore 941Mt 965Mt
Cu % 0.27% 0.20%
Au g/t 0.19 0.24
Ag g/t 1.72 1.74
Mo % 0.02% 0.02%
Mill 130ktpd 120ktpd
Initial Capex $3.25B $2.5B
Sustaining $1.2B $0.4B
Total Capex $4.5B $2.9B
Cash cost Cu/lb $1.15 ($0.81)
NPV 8% $1.9B $1.8B
IRR 14.88% 20.10%
Payback 6.8 3.0
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