Re: Copper’s comeback!

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: Copper’s comeback!

in response to

Re: Copper’s comeback!

golfyeti

posted on Jul 12, 2020 10:49PM

Nobody will pay the full value based on SPOT price. Copper would need to stay at 5$ for a long time before it becomes the new long term consensus price.

Drilling the other properties would (IMO) create more value for the company than waiting any longer.

They could sell Schaft Creek and determine additional amounts for Teck to pay if Copper and Gold go above a certain level when the mine is in production (same as for the QB2 minority interest).

OR, on top of the buy-in, we get a 1-2% NSR royalty and benefit directly from SPOT price and district upside! That's a 20-30M dividend minimum per year once in production.