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Gold/Mining/Energy : Copper Fox

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Underhill69

To: xwolf who wrote (9251)	2/28/2015 1:26:04 PM
From: louel	3 Recommendations of 10654

Something that sticks out like "You won't believe the numbers" "The implied increase in NPV of the Schaft Creek project (assuming that all other aspects of the Technical report remain constant) based on the change in foreign exchange is approximately $1.2 billion. This in addition to the approximately $500 million NPV of the project at the date of the Technical Report would imply a NPV of approximately $1.7 billion CDN." They did not remain constant. Avg. Schaft Creek mineral prices as per BFS dropped by 18%. That results in a higher cutoff and reduces the resource. Resource is what can be mined at a profit. If one says the mineral prices will rise again. So will the dollar rise against the US Greenback. A two way street. The statement is simply another opportunity used to make a hypothetical pump as the negative was not mentioned.

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