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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%)

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Message: Re: quellaveco sells for .36/lb

Just noticed the decimal error. They bought 3.6 billion pounds for about 860 million. There were known costs associated with that and about 100 million into it already. If we just look at the pounds it's about 3.5 to 4 cents a pound. The bonus will be if the gov't pays for the water studies. That could move the deal up to about 4.5 cents.

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Jul 25, 2012 03:19AM
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Jul 25, 2012 09:10AM
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