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%)

Free
Message: Re: Another week- no news
8
Aug 13, 2021 07:51AM
8
Aug 13, 2021 09:32AM
1
Aug 13, 2021 09:52AM
4
Aug 13, 2021 09:57AM
4
Aug 13, 2021 10:21AM
2
Aug 13, 2021 10:43AM
3
Aug 13, 2021 10:59AM
2
Aug 13, 2021 11:29AM
21
Aug 13, 2021 01:04PM
12
Aug 13, 2021 01:36PM
9
Aug 13, 2021 01:47PM
9
Aug 13, 2021 02:01PM
14
Aug 13, 2021 02:09PM
9
Aug 13, 2021 02:53PM
2
Aug 13, 2021 03:05PM
8
Aug 13, 2021 03:19PM
2
Aug 13, 2021 03:27PM
6
Aug 13, 2021 04:39PM
5
Aug 13, 2021 05:59PM
2
Aug 13, 2021 08:10PM
8
Aug 14, 2021 12:27PM
7
Aug 14, 2021 01:09PM
3
Aug 14, 2021 01:21PM
7
Aug 14, 2021 03:31PM
11
Aug 14, 2021 03:51PM

I hadn't looked at it before. One article lists a price of $ 456 million CDN but two others and Newmont themselves have $ 393 million CDN, so I'll go with that number.

https://www.newmont.com/investors/news-release/news-details/2021/Newmont-Announces-Acquisition-of-GT-Gold/default.aspx 

According to this article https://www.miningnewsnorth.com/story/2021/03/12/news/newmont-offers-393m-to-acquire-gt-gold/6733.html a PEA was supposed to be completed at about the time of the acquistion, so Newmont, as a 15% shareholder, would have had access to the PEA economics. A comparison with SC:

SC total M&I&I 13.6 billion lbs cueq, 25% = 3.4 billion lbs cueq

Using the metal prices used by CUU in their fact sheet to get the cueq numbers we use cu = $3/lb, au= $1200/oz and ag= $20/oz

GT had an I&I resource estimate of 4.79 billion lbs cu, 8.93 million oz au and 19.22 million oz ag. Using the metal prices above to compare projects I get 8.5 billion lbs cueq. Then I use 85% of that to remove the 15% owned by Newmont to get 7.22 billion lbs cueq. There a number of ways to calculate the dollar value if Newmont was buying out the 25% of SC. I took the ratio of 3.4/7.22 billion lbs cueq from the two projects to get 47% and multiply that times $ 393 million to get $ 185 million, add the $ 50 million value in the JV contract, and get $ 235 million. Divide by 550 million shares to get 43 cents a share, which is about where the market is pricing the stock right now. Let me know if you see any errors. GT no longer has a website so I can't easily check what other potential exists. 

 

11
Aug 14, 2021 06:06PM
5
Aug 14, 2021 07:09PM
2
Aug 15, 2021 11:09PM
2
Aug 16, 2021 07:31AM
4
Aug 16, 2021 07:56AM
6
Aug 16, 2021 08:53AM
11
Aug 16, 2021 09:18AM
10
Aug 16, 2021 10:33AM
3
Aug 16, 2021 10:57AM
1
Aug 16, 2021 11:15AM
3
Aug 16, 2021 11:37AM

Aug 16, 2021 11:56AM
10
Aug 16, 2021 12:30PM
2
Aug 16, 2021 12:54PM
3
Aug 16, 2021 12:56PM
6
Aug 16, 2021 02:03PM
8
Aug 16, 2021 02:33PM
3
Aug 16, 2021 02:43PM
5
Aug 16, 2021 03:00PM
2
Aug 16, 2021 03:12PM
10
Aug 16, 2021 04:31PM
1
Aug 16, 2021 04:33PM
2
Aug 16, 2021 05:03PM
4
Aug 16, 2021 05:08PM
7
Aug 16, 2021 05:18PM
3
Aug 16, 2021 06:11PM
4
Aug 16, 2021 07:16PM
5
Aug 16, 2021 07:20PM
Share
New Message
Please login to post a reply