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: Wheaton Precious Metals Announces Acquisition of Gold Stream from Lumina Gold's Cangrejos Project
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In it's most simplest way, this is my understanding of royalty companies.

Pay $300M US today for 700,000 oz  (or $430 US per once upfront) and 18% of SPOT at delivery (or $325 US per once, assuming a selling price of $1800 US.)

Total cost per once: $755 US

Total profit per year: $1800 US - $755 US = $1045 US x 24 000 oz = $25M

ROI: $25M US / $300M US = 8%.

If the price of gold goes back down to $1000 US, they breakeven.

If the price of gold goes to $5000 US, they laugh to the bank.

They also get free upside for anything past the initial production timeline.

Pretty good business.

MoneyK 

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