No such message found

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%)

Free
Message: Copper Fox: GT Gold Transaction Indicates Company May Be Undervalued
Reply New Message
Prev Message Back To Forum Threaded View Next Message

Excluding inferred, if we only consider pounds in the ground, I believe Teck sold around 3.4Blbs of CuEq to Sumitomo for 1.2B US.  That's $0.35 US per pound of M&I resource.

Including inferred, if we only consider pounds in the ground, I believe Teck sold around 10Blbs of CuEq to Sumitomo for 1.2B US.  That's $0.12 US per pound of M&I resource + inferred.

If our 25% of SC is 3Blbs of M&I, at $0.35 per pound, that's 1B US.

If our 25% of SC is 4Blbs of M&I + inferred, at $0.12 per pound, that's around 500M US.

How much do you value each pound of M&I vs. inferred?  M&I is probably worth a lot more.

Regardless the above, the PEA will put a current value on Schaft Creek and this figure should be the starting point for negociations.

IMO.

MoneyK

9 Recommendations
Reply New Message
Prev Message Back To Forum Threaded View Next Message
Share
Share
New Message
Please login to post a reply