Re: WRN BFS is good

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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mining_guy123

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Re: WRN BFS is good

in response to

Re: WRN BFS is good

webgogs

posted on Jan 07, 2013 01:23PM

WRN's royalty transaction closed in December so this royalty should be included in the FS numbers.

The big reasons WRN's economics are better is because of capex ($1.6B savings versus SC and most upfront), strip, and heap leach project on top of 120ktpd mill. Grade at WRN is worse - especially Cu.