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: Globe article reprinted from Bloomberg News...

The 171.2 million tonnes of inferred resource needs to be upgraded to either the indicated or measured category with infill drilling. If you assume that sufficient drilling had occurred since the FS to upgradeĀ all of the material classed as waste then it would become reserves since it is within the pit shell. The total reserves right now is 941 million tonnes, so 171 would be an 18% increase. Since the average grade is lower in the waste material I would use roughly a 15% increase. So the $ 513M NPV would become $ 590 M. The metal value numbers posted before are not easily translatedĀ to estimate added share value, they just look impressive when the word billion is thrown around.

Share
New Message
Please login to post a reply