Copper Fox Metals Inc.

Welcome To the Copper Fox Metals Inc. HUB On AGORACOM Copper Fox Metals is a Canadian-based resource company focused on developing the world-class Schaft Creek Project in northwestern British Columbia.

almost 13 years ago

in response to Metacomet's message

From the Amended Technical Report pg 373
http://www.copperfoxmetals.com/i/pdf/Updated_Amended_Technical_Report_5.20.10.pdf
.
25.11.3 Capital Costs
25.11.3.1 Initial Capex
The initial capital costs for this project were determined by Samuel Engineering to be
$2,950,406,000. For the economic analysis, the initial capex was spread over a three year
period, the construction period, prior to concentrate production. The spread for the three
year period are as follows:
Year -3 Year -2 Year -1
$295,041,00 $1,180,162,000 $1,475,203,000
10% 40% 50%
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Seems like they had a plan to spend the $2.95B in 3 years. We have 4 years. If we repeat the same $1.475B spending of "Year -1" in the 4th year (ie Year - zero), we could spend a total of $4.425B in 4 years easily. I've never thought that spending money fast enough could be a problem. Having the money is another thing but I think Teck can handle this out of their revenue stream.
jmho
Chappy