Re: Updated corporate presentation

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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kinte

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Re: Updated corporate presentation

in response to

Re: Updated corporate presentation

CuuVenturer

posted on Apr 04, 2017 11:54AM

FWIW, there is a gold recovery reported from the copper concentrate stream on slide 15, 73%.

Applying 73% to the pit shell numbers you posted yields a worth of 0.803 $B.

CUU's 25% share of the pit shell gold would then be $200 M.

Applying these calculations to the total gold content of Schaft (4.2 m oz worth $5.25B) yields CUU's portion of the recoverable gold to be $0.958 B.