The Schaft Creek deposit continues to expand and grow in size which confirms the theory of a higher NPV. Schaft Creek will change in size and scope based off the 2013 drill results. You can read the below message from Elmer and realize this is a positive development. Two things were confirmed and accomplished from the drilling results according to the news release:
1) The Pit will expand to the East as the assays were pretty good hits
2) The inferred resources within the Pit Shell was drilled changing the scope of this project
These 2 accomplishments will significantly improve the NPV. Based off this news I believe our costs will be reduced greatly= greater profits. The $1.15 cost per pound/Copper will be reduced. Production rate/per day + mine life increases also = Greater NPV.
Mr. Stewart, President of Copper Fox stated, "We are very pleased that the 2013 drilling program extended the mineralization between 100m and 300m east of the current resource block model and has also tested several blocks of inferred resources in the Paramount zone. The drilling results support the interpretation that the mineralization in the Paramount zone could extend to the east past the limits of the current block model. The extension of the mineralization into that area of the Paramount zone that was previously categorized as waste in the feasibility study prepared by Copper Fox and the testing of the inferred resource block within the pit shell could have a positive effect on the economics of the Schaft Creek project."
-We hit 357 metres of 0.44% Copper Eqv. which is very impressive
