Re: Starter Pit
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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%)
Message: Re: Starter Pit
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"I'm still thinking that over $7 is right but would be happy with less considering the EU and all that garbage. I'd still want some residual value in the co. "
I believe the $7 for CUU is a reasonable number given what management have found and done. My revised NPV based on 150 K operation, $3.00 a lb copper, production cost of negative $0.74, and a discount rate of 8% shows the NPV for SC to be $5.6. Just throw in a dollar or two for the rest and $7 is pretty reasonable:
| Share Value Estimates based on NPV | |
| Daily Processing MT | 150,000 |
| Recovery | 88% |
| Copper grade % | 0.50 |
| Copper/day MT | 660 |
| Copper/day lbs | 1,452,000 |
| Copper price ($/lb) | $3.00 |
| Production cost (value of gold silver moly) | ($0.74) |
| Revenue/day $M | $5.43 |
| Days/year | 340 |
| Revenue/year $M | $1,846 |
| CUU's share 25% $M | $462 |
| Total OS shares | 380 |
| NPV per share | |
| Disc rate: | 8% |
| Years of cashflow: | 20 |
| PV ($M): | $4,532 |
| Capital cost: ($M) | $4,000 |
| CUU's cap cost: ($M) | $1,000 |
| NPV Per share: | $9.3 |
| Tax rate: | 40% |
| NPV Per share after tax: | $5.6 |
JMO GLTA!
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