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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Message: Re: Copper 4.87
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Mar 04, 2022 08:49AM
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Mar 04, 2022 08:51AM
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Mar 04, 2022 09:00AM

Assuming a production decision today, anyone buying us for 25% of the capex cost could expect an after tax 13% IRR based on a very conservative PEA with copper at $3,25 US.

There no doubt in my mind that the famous 15% is achieveable at $3,25.  After, the sweet spot should be based on a 15% IRR at the new LT consensus.

Now, what is hurting us for any 3rd party looking is Tecks new timeline.  Defenitely a smart move if you want to discourage competition to invest a large amount upfront.

This being said, if Galore, a less advanced project could see a production decision in the next 2 years, theres no reason why we should  discount our value more than 2 years for Teck.  At that point, it becomes their decision only to advance Galore before SC.  We should not pay for that!

IMO.

MoneyK 

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