Re: Copper Fox Feasibility - Measured vs Inferred vs reality-Cross
posted on
Dec 27, 2012 08:48PM
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%)
Their NPV is $287M at 10%. Yes and how much did they get bought out for? Several Billion!!! Goldcorp bought them out for 3.6B just on potential!!!