RE:RE:RE:RE:RE:RE:RE:New Press Release - Copper Fox Appoints Manuel Gomez, CFA to the BoardAre you serious MK? Where are you pulling these figures for SC from? Out of your own a###? LOL. You don't even have a current FS or PFS done on SC. All you have is an outdated PEA with outdated costs for capex and processing costs. Have you considered the rise in interests cost to borrow 4B for capex? 4B at current interest of 8.5% takes away 340M right from the bottom line in interest expense every year. Interest expense is a big factor in the profitability and NPV determination. You can't state that SC will even generate close to the figures you suggest without having an updated FS. No Major is going to buy out SC without having updated costs.
Shareholder value is created if a project reaches a developement decision. A project that is not going to be developed is worth zilch period. It is moose pasture. A developed producing mine is worth more than a project in developement. A project that has a greater chance of being developed is worth more than one that has a slim chance of being developed. All I said was that a project with a higher NPV/capex ratio is more likely to be developed than one that has a very low value like SC. This is not my opinion but from alot of experts that I talked to. I'm speaking purely to the economic factors that go into the decision process. There are of course alot of other factors like environmental, political etc. Imho, SC will remain on the low priority list of developement projects unless the economics change drastically in its favour and so far it hasn't.