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 Fox vs. QB2

Jan 10, 2019 08:58PM
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Jan 11, 2019 02:24AM
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Jan 11, 2019 07:05AM
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Jan 11, 2019 08:11AM

Still assuming we should we 100% of the reserve to compare with QB2, I now understand that (P&P) is also included in (M&I) for Copper Fox. 

Therefore:

QB2 has (only considering Cu):

14B (P&P) + 11.1B (M&I) + 17.5 (I)

30% sold for 1.2B / 42.6B = 0.028$/lbs

 

Copper Fox (all projets) has (using CuEq):

10.2B (P&P) + 2.7B (M&I) + 11.3B (I)

Total: 24.2B x 0.028$/lbs = 678 Million x 1.3 (exchange rate) = 881.4 Million

 

Does this make more sense?

MoneyK

 

 

 

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