Re: $1.8m PP

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: $1.8m PP

in response to

Re: $1.8m PP

youngmoney

posted on Feb 13, 2020 11:26AM

Thanks YM.

Same approach was used for Eaglehead to determine a fair value. It took 3 months to finalize the sale once the document was received.

From the DCOP NR:

In arriving at suitable terms for the disposition, District Copper reviewed the current National Instrument 43- 101 Report on the Eaglehead Property (as amended and restated) which was filed by District Copper on Sedar on December 12, 2019. District Copper also considered the Comprehensive Valuation Report on the Eaglehead Property which was prepared by Evans & Evans LLP and delivered to the Company in a report dated November 25, 2019. The Comprehensive Valuation Report examined three different approaches to placing a value on the property following which they arrived at the following, “In understanding the (various) valuation approaches for the project, … it is reasonable for Evans & Evans to outline that the fair market value of 100% of the Project as at the Valuation Date is in the range of $1,215,000 to $1,655,000.”