Re: More pressure on copper supply

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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MoneyK

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Re: More pressure on copper supply

in response to

Re: More pressure on copper supply

MoneyK

posted on Aug 04, 2019 10:47AM

Another way to see it, Rosemont's copper reserve is about 5.3B pounds of Copper.

7.95% of that is 421M pounds for which they paid 75M. That's close to 0.18$ per pound.

With Gold only, 25% of Schaft Creek is about equivalent to 2B pounds of Copper.

2B x 0.18$US = 360M US or 470M CDN

...and my understanding is that the current numbers represent 50% or less of our total resource.