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Gold/Mining/Energy : Copper Fox

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To: brundall who wrote (10447)	2/28/2017 1:10:44 AM
From: louel	of 10654

I wonder how Ernesto views all this. Teck must view much on the mineral as below cutoff value. Don't mean to sound mean. But in previous posts some of us suggested due to the low IRR of 11% pre tax by CUU figures. It may not bring top dollar. Teck views it from net back at market. How much mining, milling and delivery to market will bring as compared to other available projects. That tells them what they can pay for it. You can have billions of tonnes of ore bearing material. but if it is not profitable to extract it really has no value. Galore is a higher grade project even with the tunnel expense retains a higher IRR and it is still idle. Secondly BC is a high labor region with lots of regulation, environmental resistance, and red tape delays. Not rated as the most mining friendly place. Great for exploration, development not so aimable.

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