Re: Q1 2020

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: Q1 2020

posted on Nov 28, 2019 07:22AM

I'm not sure how Teck's tax incentive would improve numbers for a partner. It would definitely improve Teck's portion, but I doubt they will split the benefits.

The partner will pay a fair price, probably based on the NPV and will probably need to pay more as the district is explored (same as QB2). That's when everyone will get even better ROI's.

30% of QB2 was sold for 1.2B. The NPV (8%)(copper at 3.25$) is 2.9B. All things being equal, they paid more than 1x the NPV. It included a portion of financing, but that should still remaining minimal in the entire transaction.