Re: Last 10 on Alpha

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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Chappy726

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Re: Last 10 on Alpha

in response to

Re: Last 10 on Alpha

mo_rocks

posted on Dec 09, 2011 03:06PM

Yes. "Positive" is defined in the Teck Agreement regarding the BFS. The Agreement describes the BFS as being positive if it meets (among a lot of other things) a +$1 dollar NPV at 8% discount for the proposed operation.

The "lot of other things" probably includes a lot of Tecks technical requirements and experience with open pits. I think Teck would have spelled out a long list of parameters to be incorporated into the BFS. That puts Teck at an advantage in evaluating the value at SC as they will have some tailored aspects in 'their' BFS and will have had lots of time to think and model the uncertainties and upsides. An outsider will be coming in cold and will have to get itself up to speed - even if CUU opens up the books.