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camarodan64 (< 20)

Dawn Of The New Mining Era, Undevolped World Class Deposit In Canada



June 12, 2009 – Comments (1) | RELATED TICKERS: FCX , RTP.DL , RIO

as investors continue to snap up remaining low priced junior resource shares, i expect a few more step out holes will be drilled and maybe some in-fill drilling to better define the deposit, perhaps define a new higher grade zone, these are my thoughts on Copperfox based on 20 years experience in identifying early global world class discoveries,,In 1998 I identified Ivanhoes Oyu Tolgoi deposit in Mongolia with drill results from the first drill program as the "Most spectacular discovery based on drill intercepts, most holes had over 500 m of gold and copper mineralization and were widely spaced"

CopperFox has a spectacular mineral deposit , One that is well defined but still with many open boundarys needing drilling that could yield much more resources to the mine plan,  there is currently 4.8 million Gold ounces and growing,+copper+Moly, It is located in Canada

A Measured and Indicated Resource of 1.393 billion tonnes with 0.25% Cu, 0.18g/t Au, 0.019% Mo, 1.55g/t Ag at a Copper Equivalent of 0.20% cutoff;A Mineable Reserve mill feed of 812.2 million tonnes of 0.301% Cu, 0.212g/t Au, 0.020% Mo and 1.76g/t Ag;18.6% before tax internal rate of return;$11.734 billion Pre-Tax Cash Flow (undiscounted);$2.764 billion NPV before taxes, discounted at 8%;The revenue generated by all the by-products covers all operating costs and adds a credit of (US) $0.32 /lb of copper produced to the revenue stream. Thus, a negative operating cost for copper is estimated;4.7 years before tax payback, and 4.9 years after tax payback.

1 Comments – Post Your Own

#1) On April 27, 2011 at 4:20 AM, camarodan64 (< 20) wrote:

so how did you like this one?

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