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.

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WRN BFS is good

over 11 years ago

Re: WRN BFS is good

Copper Fox Metals Inc.

over 11 years ago

Re: WRN BFS is good

Copper Fox Metals Inc.

over 11 years ago

Re: WRN BFS is good

Copper Fox Metals Inc.

over 11 years ago

Re: WRN BFS is good

Copper Fox Metals Inc.

over 11 years ago

Re: WRN BFS is good

Copper Fox Metals Inc.

over 11 years ago

Re: WRN BFS is good

Copper Fox Metals Inc.

over 11 years ago

Re: WRN BFS is good

Copper Fox Metals Inc.

over 11 years ago

in response to webgogs's message

It is amazing how comparable the two projects are, especially the milling operation:

965Mt P&P mill reserves
120ktpd mill
22 year mine life
Same recoveries, concentrates produced
Similar opex per tonne
Same prices used (Cu $3.00/lb)

The big reason WRN has a much better BFS is because capex is so much lower. Including a heap leach operation ($139M) a 120ktpd mill costs them only $2.9B versus CUU $4.5B. The grade is actually worse at Casino. You can ignore negative cash costs for polymetalic deposits as they are misleading whenever a by-product is more than 10-20%.

Another point I don't understand is why does WRN have a $135M market cap? It has good research coverage and institutional ownership.

		Shaft Creek	Casino
Strip Ratio		2.0	0.59
Tonne Ore		941Mt	965Mt
Cu	%	0.27%	0.20%
Au	g/t	0.19	0.24
Ag	g/t	1.72	1.74
Mo	%	0.02%	0.02%

Mill		130ktpd	120ktpd
Initial	Capex	$3.3B	$2.5B
Sustaining		$1.2B	$0.4B
Total	Capex	$4.5B	$2.9B
Cash cost	Cu/lb	$1.15	($0.81)

NPV	8%	$0.07B	$1.8B
IRR		8.30%	20.10%
Payback		6.8	3.0