Re: Increased gold value...npv

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: Increased gold value...npv

posted on Jul 02, 2020 10:58PM

From a Capstone Mining presensation:

As of May 2020, per the Scotiabank Metals & Mining Research Daily Base Metals Comp, the average 8% P/NAV ratio, when comparing with their peers, was 0.72.

Assuming the 2019 FS gives us a NAV of 800M (for our 25%), this means our SP, for Schaft Creek only, could in theory average around $1.11 ((800M x 0.72)/520M shares).

Any take-over would then come with a premium. 20% to 50% more seems to be the norm for a total buyout between $1.33 & $1.67 per share.