Agoracom: Small Cap Investment - Copper Fox Metals Inc.

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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Liard shares

posted on Nov 21, 2020 10:15AM

Based on my understanding,

Liard share owners are entitled to 30% of the net proceeds
Copper Fox owns 7.96% of them (joint venture + direct ownership)
Net proceeds are based on Revenues - C1 Cost

Assuming Schaft Creek would produce 400Mlbs CuEq at $3.15 US, exchange rate at 0.77, C1 cost of $0.70 CA and mine life of 21 years that would mean:

(Revenues) - (C1 cost) = (400M x $3.15 x 1.3) - (400M x 0.70) = 1,358M (net procceeds)

1,358M x 30% x 7.96% = 32.5M dividend per year.

I'll let you extrapolate how much that is worth in today's dollars, but I'm thinking easily between 320M (NPV 8%) & 500M (NPV 3%)... and that's for 21 years only...

MoneyK

5 Recommendations

Nov 21, 2020 01:27PM

Nov 21, 2020 01:40PM

MoneyK

Nov 21, 2020 02:06PM

Re: Liard shares