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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AGM report

chops

Jul 19, 2012 03:27PM

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RabidTiger

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Re: AGM report

in response to

Re: AGM report

Chappy726

posted on Jul 19, 2012 05:55PM

I don't think we will see milling rates above 180,000 tpd. I think we will be able to achieve 400M lbs because our proven and probable grades will be higher than our resource estimate grades.

Our 2008 resource estimate had measured and indicated grades of .25%. Our 2008 preliminary feasibilty study had proven and probable grades of .299%. That is a 20% increase. Applying the same increase to our 2012 resource estimate means we could be actually mining .31% copper. This should allow us to hit 400M lbs per year with 180,000 tpd.

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Jul 19, 2012 07:03PM

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chops

Jul 19, 2012 09:42PM

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