Re: 2013 FS

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: 2013 FS

in response to

Re: 2013 FS

explorationguy

posted on Feb 25, 2020 08:24AM

I think you are both coming to the same conclusion that we have more value now then in 2013 and both are directly linked to the exchange rate.

Teck did not only use $3.00 US for QB2. They also had a scenario at $3.25 & $3.50.

I don't recall the source, but I was under the impression that they would use a higher price for copper (e.g. $3.08 US)

I'm under the impression that Copper Fox is also trying hard to get the long term consensus gold price revised due to the recent upward movement, which could be a reason for the delays.