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%)

Free
Message: Re: Rick Rule on Copper
3
Jan 06, 2015 11:45AM
4
Jan 06, 2015 12:31PM
6
Jan 06, 2015 01:22PM
5
Jan 06, 2015 01:25PM
5
Jan 06, 2015 01:30PM

Even if Teck wanted to act, the optics are too bad for them to make a major move with their SP where it is, and now Fort Hills revenue potential being slashed if oil stays in lower ranges for the future.

There is something about these low oil prices that work heavily in our favour and that is the high cost of fuel in the early stages of the project. Before the NTL is hooked up there is a lot of fuel to be used to build the roads and early works. There would be a substantial savings if they got going on that and were ready to produce when the price of copper rebounds.

Apparently there is a historical relationship between the ratio of copper to oil. Because the ratio of copper's price to oil has risen steeply it indicates a pickup in growth is expected. Apparently that was seen in 2008/09 and 2011.

7
Jan 06, 2015 02:45PM
2
Jan 06, 2015 05:14PM
1
Jan 06, 2015 05:34PM
4
Jan 06, 2015 05:46PM
Share
New Message
Please login to post a reply