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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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Message: Re: News
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May 11, 2021 06:29AM

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May 11, 2021 08:55AM

"And from what I understand the NSR cut-off at USD $4.31 is quite significant. I can't find/recall the previous NSR but I remember this board had a good discussion about it.

"Mineral Resources are reported using a net smelter return ("NSR") cut-off of US$4.31/t.""

 

https://www.copperfoxmetals.com/site/assets/files/3747/copper-fox-metals-feasibility-study-january-23-2013.pdf

"MMTS used a reserve cut-off of $6.60/t net smelter return (NSR), which is identical to the total initial forecast cost of processing, tailings management and general and administrative (G&A). The NSR equals the total recoverable revenue, less transportation and refining costs per tonne. "

 

That is a HUGE difference!

 

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