Agoracom: Small Cap Investment - Copper Fox Metals Inc. - Is This Why Teck Shares Are Soaring?

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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Accountant007

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Is This Why Teck Shares Are Soaring?

posted on Dec 05, 2012 10:10AM

LaVerde (CCY) PEA issued Dec 3/12		A	B	C
Copper/LB		$ 2.70	$ 3.64	$ 3.00
NPV 8%		617,000,000	2,342,000,000	1,148,000,000
TECK 60% less $20 million	350,200,000	1,385,200,000	668,800,000
CCY interest 40%		246,800,000	936,800,000	459,200,000
# of CCY shares-fully diluted	321,075,000	321,075,000	321,075,000
NPV/share CCY		$ 0.769	$ 2.918	$ 1.430
Market price CCY		$ 0.060	$ 0.060	$ 0.060
Market price CCY as % of NPV-8%	7.8%	2.1%	4.2%

Teck has 40% interest in LaVerde and can bump up to 60% by spending $20 million within 3 years. Or can let its 40% go to CCY for $20 million. It will definitely keep this asset!

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