Re: NTL Update

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: NTL Update

in response to

NTL Update

herbie1

posted on Jun 27, 2013 09:42AM

As always, there is both a positive and negative takeaway from this. The positive takeaway is that it looks like our $200M capex estimate is reasonably accurate ($200M / 89km = $2.2M per km versus NTL cost of $736M / 344 km = $2.1M per km).

The negative takeaway is that this proves that the remoteness of the area poses big budgetary challenges.

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