Re: Schaft Creek's strength

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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MoneyK

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Re: Schaft Creek's strength

in response to

Schaft Creek's strength

MoneyK

posted on May 16, 2020 12:01PM

"Using today`s prices:

325Mlbs x $2.35US x 1.42 (exchange rate) = 1.1B CAD
205kzo x $1745US x 1.42 (exchange rate) = 0.51B CAD
For annual revenues of 1.61B CAD per year"

The above does not include Moly or Silver (about 10% to 15% of the revenues)

QB2 revenues today would be 575Mlbs x 2.35US x 1.42 =1.9B CAD per year

If Teck is willing to spend 5B to build QB2 and get 1.9B CAD, they should be willing to spend 3B to get 1.8B - 1.9B (including all metals) from Schaft Creek.