Re: Email reply from Elmer
in response to
by
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%)
Message: Re: Email reply from Elmer
If I calculate this properly:
260K x 10 years is 2.6M or roughly 1.3M after income tax.
1.3M - 1M (estimate) he invested back in Copper Fox to keep it alive = 300K left in his pocket.
300K left divided by 10 years = 30K per year on average to pay all the bills.
MoneyK
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