Re: ... Cbew

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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RabidTiger

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Re: ... Cbew

posted on May 03, 2013 01:37PM

Look at moly. Feasibility used $14.64 per pound. It's currently at $11.15 per pound.

Overall, the current spot prices mean our reserves are worth less than the base case numbers in the feasibility study. If we were producing today, we would be generating slightly less cash flow than in our feasibility study.

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