The capex already anticipated the increase to 180,000 tpd and the NTL costs.
Yes the initial capex included $374 million in contingencies and the sustaining capex included $200 Million for BC Hydro.
171mt Inferred can easily be upgraded and metal recoveries can be improved 2% easily.
Enviro permits will bring us to 5% not 8%.
Then we have the other half of the Paramount zone...
And speaking of NTL, anybody talk to Elmer or Mike about the 3rd spot on the Power Line.
If Copper Fox Metals ''the company'' has the limited Port space and the 3rd and only place on the Power line....then I only see 1 way for Teck or another company to be in that same position...
Teck, who has projects in BC, a good relationship with Asia, who recently claimed land around us: They'll be using Copper Fox to get that Port and Power spot...
If they don't someone else will gladly take their place.
''Mr. Stewart said "With so many active projects located in this part of British Columbia, Copper Fox is delighted to have secured the facilities required to ship concentrate from the Schaft Creek project. This transaction with Stewart Bulk, who has over many years established a reputation for quality and efficient workmanship in the concentrate storage and loading services, represents another milestone in the development of the Schaft Creek project". The Agreement is assignable to another party ''
http://www.copperfoxmetals.com/s/NewsReleases.asp?ReportID=484908&_Type=News-Releases&_Title=Copper-Fox-Secures-Shipping-Facilities-for-Concentrate-at-Port-of-Stewart-f...
