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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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Message: Re: Presentation updated
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Mar 03, 2018 01:27PM
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Mar 03, 2018 02:38PM
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Mar 03, 2018 10:12PM
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Mar 03, 2018 11:15PM

There's a sensitivity graph for the NPV and IRR in the FS. The exchange rate alone can add up to 5% more IRR depending on what rate you select. Copper prices are now almost back to the base price of $3.25. Then it's CAPEX and OPEX which have the most impact on IRR. It appears Teck is looking at a smaller scale project size targeting the Liard zone. Capital costs will certainly be lower and the strip ratio will be much better since you don't have to remove the side/top of Mount LaCasse. There will be a penalty on the fixed costs like roads, power etc. which must be amortized on a smaller project. There's a possibility they could add 5 - 10 % IRR. Teck will use conservative numbers for exchange rate and copper prices so we'll see how it works out. We didn't get any numbers from the remodel so I doubt we'll get any numbers from the desktop studies. They will likely move on with a technical report if they like the numbers. 

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