Re: Galore 2023 program

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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MoneyK

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Re: Galore 2023 program

in response to

Galore 2023 program

youngmoney

posted on Jul 29, 2023 07:37AM

Or maybe SC simply doesn't need that much drilling?

Galore required over $100M to complete the PFS vs. $20M for Schaft Creek. Each project is different.

The starter pit is an important part that needs to be fully proven. QB2 has tons of reserves, but reality is value only comes from what you can extract in the first 25 years roughly.

Metallurgical work should create a lot more value than all the additional drilling that could be done to add more reserves.