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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: The 50% Rule
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Oct 11, 2012 10:44PM

The gold eq stands at about 20 million ounces. The current buyout price is a bit over $745 an ounce and that number is clearly derived. That's close to $15 Billion after the cost of money. Just our share of that resource is worth 3.6 Billion. Now add the earn back and the port facility and the other lands and the signatures outside of the area of interest. $2.50?? Not possible.

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