Re: COCHILCO MOLY OUTLOOK.

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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swilson10

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Re: COCHILCO MOLY OUTLOOK.

in response to

COCHILCO MOLY OUTLOOK.

koperfoks

posted on May 22, 2013 09:11AM

I hope the buyout price will be influenced by what is the likely price of Copper, Gold, Moly and Silver going forward 6 to 40 years, when the mine is in production, not what someone predicts for next year.

Building the mine at todays prices is a major financial commitment but 20 years down the road, inflation and higher commodity prices will have done their work, it wont seem so bad.

The longevity of Shaft Creek is good, longer your mine will last also, the lower the risk.

Ultimately, if its a total buyout, the value we get out of our share holdings relies on the negotiating skills of a handful of people, frightning thought!