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Copper Fox Metals (CPFXF)

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Last Post: 10/28/2014 12:12:49 AM - Followers: 11 - Board type: Free - Posts Today: 0



CPFXF.PK                    http://www.copperfoxmetals.com                     CUU.TO

 

Copper Fox Metals is a Canadian-based resource company focused on completing, by the end of 2010, a feasibility study on the Schaft Creek deposit, one of Canada's largest undeveloped copper-gold-molybdenum-silver deposits located in north western British Columbia.

 

In early 2010, Copper Fox retained Wardrop (a TETRA TECH company) to complete the feasibility study on the Schaft Creek deposit. The feasibility study will include an updated geological model, resource estimate, reserve estimate, revised capital cost and operating costs estimates and other technical, socio-economic and financial aspects related to the feasibility study.

Pursuant to a 2002 Option Agreement with Teck Resources Limited ("Teck") Copper Fox has acquired a 100% working interest in the Schaft Creek Project subject to a 30% net proceeds interest held by Liard Copper Mines Limited ("Liard") a private company. Teck holds a 78% equity interest in Liard representing 23.4% of the Schaft Creek project referred to as the "indirect interest". Under the terms of the 2002 Option Agreement with Teck, Copper Fox can earn the "indirect interest" by completing a "positive" Feasibility Study. For further details see Teck Option Agreement below.

In 2008, Samuel Engineering, Inc. completed a Preliminary Feasibility Study, (click here to view) on the Schaft Creek deposit, the results of which were made public on September 15, 2008. The Preliminary Feasibility Study indicates that the Schaft Creek deposit can be developed economically as an open pit mine and recommends proceeding forward to complete a feasibility study.

The conclusions of the Preliminary Feasibility Study are:

  • A Measured Mineral Resource of 436.5 million tonnes grading 0.30% copper, 0.23 grams per tonne ("g/t") gold, 0.02% molybdenum and 1.55 g/t silver, and an Indicated Mineral Resource of 929.8 million tonnes grading 0.23% copper, 0.15 g/t gold, 0.02% molybdenum and 1.56 g/t silver at a 0.20% Copper Equivalent cutoff;


  • A Proven Mineral Reserve of 411.1 million tonnes grading 0.32% copper, 0.019% molybdenum, 0.23 g/t gold and 1.72 g/t silver and a Probable Mineral Reserve of 409.9 million tonnes grading 0.28% copper, 0.020% molybdenum, 0.19 g/t gold and 1.79 g/t silver.
  •  

The numbers in the Mineral Resources and Mineral Reserves are rounded to conform with "best practice" principals. The Proven and Probable Mineral Reserves are contained within the Measured and Indicated Mineral Resources

*United States investors are advised that current Mineral Resources are not current Mineral Reserves and do not have demonstrated economic viability. All figures are rounded to reflect the relative accuracy of the estimate and in keeping with "best practice" principals.

  • 18.6% internal rate of return after recovery of capital costs and before taxes,
  • $11.734 billion after recovery of capital costs and Pre-Tax Cash Flow,
  • $2.764 billion NPV after capital recovery and before taxes, discounted at 8% over 23 year mine life,
  • Cost of copper production net of by-product sales of gold-molybdenum-silver is a negative $0.32/pound, and
  • 4.7 years, after recovery of capital costs and before tax, payback period.

For the base case economic analysis in the Preliminary Feasibility Study, the Net Smelter Return per tonne is US $31.47 and cash operating costs (including transportation, refining and smelting charges) are US $12.49 per tonne.

Teck Option Agreement:

Teck may at any time elect to exercise the earn-back terms and conditions of the Option Agreement.

On receipt of a Positive Bankable Feasibility Study, a defined term in the Option Agreement, Teck has 120 days in which to elect to either: i) exercise one of its earn-back options, or ii) retain a 1% net smelter return royalty, or iii) receive common shares of Copper Fox to a value of $1,000,000.

If Teck elects to exercise its earn-back option pursuant to the Option Agreement, then Teck has the right to elect to acquire either a 20%, a 40% or a 75% working interest in the Schaft Creek Project from Copper Fox by solely funding subsequent expenditures equal to either 100%, 300% or 400% of Copper Fox's prior expenditures pursuant to the Option Agreement. In the event Teck elects to earn-back a 75% working interest in the Schaft Creek Project, Teck will be responsible for arranging Copper Fox's share of project financing and will recover the project financing funds from Copper Fox's share of metal sales until payout is reached.

An example of how the Teck earn-back option works based on the assumption that Teck elects to exercise either 20%, 40% or 75% earn-back is set out below. This example assumes that Copper Fox has incurred a total of $50.0 million of qualifying expenditures pursuant to the Option Agreement at the time Teck makes its election.

 

Copper Fox Expenditure
As per Option Agreement
Earn-Back Percentage
Elected by Teck
Multiple of Copper Fox
Expenditures Required from Teck
Capital Expenditure required by
Teck to Complete Earn-Back
50,000,000 20 100% 50,000,000
50,000,000 40 300% 150,000,000
50,000,000 75 400% 200,000,000

 

 http://www.copperfoxmetals.com/s/Corporate.asp

 

http://www.copperfoxmetals.com/s/Management.asp

http://www.copperfoxmetals.com/s/Directors.asp

 

http://www.copperfoxmetals.com/s/CorporateDirectory.asp 

 

For much, much more, click here. 

 

http://www.copperfoxmetals.com/s/NewsReleases.asp 

 

 

http://www.copperfoxmetals.com/s/Media.asp

 

http://www.copperfoxmetals.com/s/FinancialReports.asp

 

A must see from October 2010, please click here

 

 http://www.copperfoxmetals.com/s/Contact.asp

 

 

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COPPER IN DEPTH

Copper links from LinksMine - InfoMine's Library of Mining Web Sites

Site Listings

  • Copper Exchanges - (International Copper Assiciation) Copper trade information
  • Copper Statistics and Information - (USGS) Regularly updated publications about the state of the US copper industry
  • Copper Rock File - (Australian Atlas of Mineral Resources, Mines & Processing Centres) Properties, Uses, Source, Map of operating mines 

Associations

Exploration

History

Publications

   

Release of Canadian National Instrument 43-101 Technical Report for Shaft Creek

http://www.copperfoxmetals.com/i/pdf/09152008_43-101.pdf

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PostSubject
#123   This is no small matter: Teck Resources JV... Pro-Life 10/28/14 12:12:49 AM
#122   +42% for the week so far... On news... Pro-Life 07/17/13 07:25:05 AM
#121   Yesterday's news was a complete success: Pro-Life 07/17/13 07:23:25 AM
#120   Step that baby right on up! richrichrich 04/09/13 03:44:47 PM
#119   CUU Video Presentation JimLahey 10/22/12 06:10:59 PM
#118   Faith In The Future canucklehead80 07/27/12 07:50:28 PM
#117   Still looking strong... Pro-Life 07/18/12 02:19:06 PM
#116   The weekly chart seems to have found a bottom... Pro-Life 06/18/12 06:38:35 AM
#115   Why CPFXF is a short term buyout potential. deeppocket 04/10/12 10:46:57 AM
#114   Copper Fox Completes Land Acquisitions Covering Positive Magnetic Pro-Life 03/27/12 09:26:07 PM
#113   Fantastic stuff... the weekly chart is strong like Pro-Life 02/03/12 07:11:25 PM
#112   Another good week Up 12% for the day hercules16 02/03/12 06:45:12 PM
#111   Scoreboard for the week: +14.55% Pro-Life 01/21/12 05:38:31 AM
#110   While I was accurate with Copper Fox's trending Pro-Life 12/22/11 02:27:44 PM
#109   How do you figure all time highs? hercules16 12/22/11 12:55:28 PM
#108   Copper at new all time highs but this Pro-Life 12/20/11 10:01:40 AM
#107   Will this bounce. lightbeam 11/02/11 10:17:39 PM
#106   Copper Fox CEO Video JimLahey 10/31/11 01:55:16 PM
#105   Love your chart settings. Going to have to lightbeam 10/05/11 11:12:06 PM
#104   A HUGE confirmation of Monday's reversal... Pro-Life 10/05/11 09:06:37 PM
#103   On a run today. Maybe bottom is in. lightbeam 10/05/11 10:14:30 AM
#102   News just out: Copper Fox Welcomes the Awarding Pro-Life 09/06/11 02:17:43 PM
#101   Drilling Intersects 0.81% Copper Equivalent Over 154m at Pro-Life 09/06/11 02:13:48 PM
#100   Copper/gold ratio: Pro-Life 09/04/11 07:39:33 PM
#99   Link to Infomine's copper page: Pro-Life 09/04/11 07:36:28 PM
#98   For the week: +5.63% Pro-Life 09/04/11 07:34:24 PM
#97   I think we have seen the low... turning Pro-Life 09/04/11 05:12:46 PM
#96   Elmer B. Stewart President and CEO of CopperFox hercules16 07/11/11 11:29:31 AM
#95   My friends, for the week: -4.81% but the Pro-Life 06/04/11 12:39:42 PM
#94   Copper Fox Commences 2011 Drilling Program, Updates Other Pro-Life 06/01/11 07:46:16 AM
#93   Big news comes out next week resorce estimite kermey666 04/22/11 02:54:06 PM
#91   -9.67% is the scorecard for the week... Pro-Life 04/16/11 09:28:13 PM
#90   News out and surprised or should I say zacker4 04/13/11 09:55:54 AM
#89   great week last week up 2.69 but going boommer 04/11/11 02:41:13 PM
#88   For the week: +3.83% Pro-Life 03/25/11 08:30:08 PM
#87   Copper Fox Announces Strategic Acquisitions to Enlarge Schaft Pro-Life 03/24/11 07:50:55 PM
#86   A correction and now another monster week +23% Pro-Life 03/20/11 11:49:06 PM
#85   For the week: +27% Pro-Life 02/25/11 10:31:42 PM
#84   Was trying to figure out what was up hercules16 02/25/11 09:44:53 PM
#83   Down ~10% today... looks painful in the books. Pro-Life 02/23/11 01:53:03 AM
#82   1.25$ new shares... nice Homard 02/19/11 08:11:11 AM
#81   My friends, for the week: -6% Pro-Life 02/04/11 08:51:21 PM
#80   Copper prices have never been higher... see the Pro-Life 01/31/11 09:02:33 PM
#79   Consolidating here between 85/95... Pro-Life 01/12/11 11:37:50 PM
#78   16% jump to close the year on a Pro-Life 01/01/11 01:13:35 PM
#77   CPM Group Looks For Historically High Silver Prices Pro-Life 12/12/10 10:30:08 AM
#76   What a massive uptrend on the weekly chart! Pro-Life 10/14/10 12:24:54 PM
#75   CUU NEWS! COPPER FOX UPDATES ACTIVITIES AND PLANS sub360 09/17/10 09:49:56 AM
#74   They put out this release and the stock Pro-Life 09/09/10 08:21:18 PM
#73   Thursday, September 09, 2010 Pro-Life 09/09/10 08:17:02 PM
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