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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Message: Re: PDAC INFO
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Mar 04, 2013 02:17AM
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Mar 04, 2013 08:07AM

"The BFS was very conservative, made to be just barely passing the agreement criteria."

Why does everyone assume this? We were not conservative in respect to the schedule or the economics. Our schedule has us receiving environmental permits next January and we are still months away from submitting the application. Our economics has us using $3.25/lb copper and $14.64 / Mo (currently at $11.25). Our capex was also reviewed for months to trim the number as small as possible.

I see a lot of missed opportunities, but this is not exactly the same as being conservative.


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