Re: SC News Out!

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: SC News Out!

in response to

Re: SC News Out!

ernieo

posted on Nov 24, 2020 10:49AM

Ernio, if you read today's news release, many things have changed since 2013.

The PEA will incorporate a project configuration that includes updates to the resource estimation, mine plan, plant layout, and tailings and waste management facilities.

When compared to the January 23, 2013 Feasibility Study, the PEA incorporates changes to the mine plan, operating and capital costs, design improvements, updated metal pricing and USD:CAD currency exchange assumptions.

Therefore, it's my understanding that many sections of the document need to be updated. It's not only a question of changing the numbers, you need to be able to explain how these numbers are possible and that usually takes a couple of hundred pages.