Re: Mid July

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: Mid July

in response to

Re: Mid July

golfyeti

posted on Jul 29, 2020 01:12PM

I was not "defending" Teck, but I always try to understand the big picture. They were given a conservative 513M FS study, with a IRR below 15% and for which their 75% of cashflow was barely above break-even, if not negative. That's not what I call a profitable projects. Investing over 3B dollars is a lot of risk also and Teck has a pipeline of projects, we are not alone.

Many things have changed in our favor during the last 7 years and I believe we should become a top priority now. Let's see what happens in the next weeks.