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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Another QB2 like transaction.

San Nicholas had a $1.5B US NPV (8%) when copper at $3.50 US.

From my understanding, they sold 50% for $580 US + Agnico is expected to pay another 50% of the remaining capex above $580M US... therefore possibly another $250M US?

In total, I would say they paid around 110% of the after-tax NAV at $3.50 US copper.

For SC, we would need a $4B US after-tax (NPV) to get $1B US.  Based on the PEA, I think there's a chance we can get in the same range as San Nicholas in terms of NPV with some improvements.

Getting $500M US would already be a premium compared to this transaction.

IMO.

MoneyK

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