Re: Mining share valuation

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%)

Reply New Message

Prev Message Back To Forum Threaded View Next Message

ldubs

Rank: Vice President [?]

Points: 1030 [?]

Votes: 80 Score: 3.5 [?]

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.)

Re: Mining share valuation

in response to

Mining share valuation

explorationguy

posted on Jan 29, 2013 08:43AM

http://www.angloamerican.com/~/media/Files/A/Anglo-American-Plc/media/fact_book/2011/copper_factbook_1011.pdf

you are correct, the #'s reported in the document are actually Kt's of copper not pounds

so the 2010 updated P&P reserves indicate 916.4Mt of ore at 0.65% Cu

that would be about 11.9 B pounds of copper

They have an inferred resource of 183 Mt @ 0.45% Cu which would be about 1.65 B pounds Cu.

So the missed 'Kt' does amount to a significant increase in reserves and thus a new valuation., so cudos to you exploration guy for finding this.