Agoracom: Small Cap Investment - Copper Fox Metals Inc.

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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Gold

posted on Jul 24, 2020 07:52AM

Gold is now close to $1,900 US.

That's almost 50% higher than a longer term consensus price of $1,300 US and would add around 1.4B to the NPV (8%). That's 350M more for our (25%). If we need to wait until January 2020 to officially use this value in a sale, that would be worth the wait, IMO.