Gold Fox

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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golfyeti

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Gold Fox

posted on Mar 05, 2020 09:46AM

Gold looks like it is about to go parabolic. By my calculations Schaft Creek goes from a Copper-gold-moly-silver mine to a Gold-copper-moly-silver mine once, all other metal prices remaining the same, gold reaches $2,200 US per ounce. That's nearly $3,000 per ounce Cdn which is over twice the price used in the 2012 FS, making gold officially a bigger cash crop than copper at Schaft Creek.

WOOOHOOOOOOO !!! 5% NPV Discounting!!! *