posted on
Sep 20, 2021 12:37PM
![Copper fox metals](http://s3.amazonaws.com/s3.agoracom.com/public/companies/logos/564033/hub/Copper_Fox_Metals.gif)
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](/assets/hub_seals/free-1bd8d5229b8951a330186a11762cc7b05587fa70e21d0c4eec2c5384a662a3a0.png)
Message: Re: What
Now that the numbers are out everything management said at the AGM last week makes sense. They do not want to sell based on these numbers as they believe they would be leaving too much money on the table so they want to wait for drill results and maybe update the value if they come back positive. At least these numbers put an updated, realistic value on SC and a floor on the price. But at the same time, using these numbers SC is worth 40-50 cents a share if you use 25% of the post tax NPV...I doubt they would sell at that price otherwise they would have sold already so they either have to improve that number through drilling or an updated study or sit on it through production
12 Recommendations
Loading...
Loading...
New Message
Please
login
to post a reply