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Gold/Mining/Energy : Copper Fox
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To: FirstChoice who wrote (10307)8/17/2016 4:32:10 PM
From: louel1 Recommendation

Recommended By
Underhill69

   of 10654
 
With only 25% that would provide a netback of 23.6 % after royalties starting with an 11% IRR, minus fees it has to pay Teck to handle the product from mill to customer then divide that by over 400M shares, it is not worth my time, money or effort.

As I have said before it is an inferior deposit to Galore which it depends on for access. So why would Teck develop a second rate enterprise first. And why would N/G agree to developing the access road to benefit another mine which would provide no benefit to them selves. In the Feasibility it stated Shaft Creek was dependent on the Galore access road. It provided only for constructing the spur off shoot. Go read it.

And the layout as stated I doubt would ever pass Work Safe BC standards for industrial roads. The opinion I have on this is from dealing with WsBC. on such matters over a life time of business in the resource industry.

It is not only Shaft Creek hamstrung and stranded by no access. Romios gold and many other potential projects who's access depend on the GCMC road are in the same boat.

Why with all the activity in the N/W this year is it in either the valley of Kings which is to the South and has a vehicle road or in the Sheslay Valley, North of Telegraph which they can basically drive to. on heritage roads.

Until Teck and N/G (Not one but both, they are partners) agree on a decision of what they are going to do in there things are dead in the water as Mud correctly said. The longer shareholders leave their money tied up in dormant shares the more it is eroded by inflation.
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