Re: Copper on the move! 4.84$

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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NotSoQuick

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Re: Copper on the move! 4.84$

in response to

Re: Copper on the move! 4.84$

MoneyK

posted on May 10, 2021 03:59PM

Re: I'd be shocked if the LT copper price used for Schaft Creek is below $3.30 per pound.

Should we be that excited about the copper price reaching record highs because the PEA will be based on some form of long term pricing like the $3.30 that MoneyK suggested in his post? Maybe the high spot of copper helps in negotiating the price - for example, instead of paying 50% of PEA , CUU now wants 75% of PEA? Or perhaps, it is motivation for buyers to make a decent offer now instead of later?