Tuesday, 31 August 2010

TNR Gold Corp.: 33% Increase in Project Area to 160 Square Kilometres, Mariana Lithium Brine Project, Argentina TNR.v, CZX.v, RM.v, LIT, LIT.v, LI.v, WLC.v, CLQ.v, ORE.ax, TSLA, BYDDY, NSANY, HEV, AONE, FCX, BHP, RTP




"Rick Mills was one of the first to cover the Lithium and REE story. He has wrote extensively about Lithium Canadian Junior market from early 2009 following TNR Gold, Rodinia Minerals, Western Lithium and other companies. In his Lithium ABC he described this investment opportunity of the century with necessary depth to understand basic risks, challengers and leverage provided by different Lithium market players. Now he is coming back to TNR Gold at the moment of International Lithium spin off and we think that it is an important step for the company to bring its story out. Results will speak later for themselves, with deals in Argentina and in Nevada with Asian Corporations asset portfolio of the company should get recognition in the coming months. Do not forget about all the risks connected with early stage play in exploration business, but project generation model described by Rick in his article can buffer some uncertainties while still providing upside to the successful projects. Company is very tightly held, management is concentrating on the business development and brings the story on the investment radar screens now - it is time to make a proper DD on this story.

We have a position in this company, please, do not consider anything as an investment advise, as usual, on this blog.

Ahead of the Herd










"As you already know, our top pick in Lithium space is TNR Gold with its coming spin out of International Lithium. You have Copper, Gold and Lithium in one portfolio of properties holding by this one company. Do your own DD particularly here - we have a position in the company - nothing should be taken as an investment advise here, we are biased, but you can still find a lot of information about the company on this blog.

The company is followed now by Jay Taylor and Richard Mills. The stock is building its upward momentum from the recent double bottom this summer, and after announced developments on its major lithium brine project in Argentina. Insiders are buying more shares and the company is raising capital for its pre IPO financing. Investors coming on board will give us another hint on the future development of this company. The most important value play will be in TNR Gold's ability to position the International Lithium portfolio of properties among strategic partners in order to rapidly advance Mariana into development stage and make a consolidation of projects in Nevada for US based Lithium development play."





Now Mariana becomes a very sizable project among other lithium brines in Argentina. Company talks about "New claim secures prospective land area for potential future processing plant facility" - management seems to be carefully considering its options before International Lithium spin out with major focus on Mariana lithium brine in Argentina. It will be very important to see investors coming on board in pre IPO financing. With recent M&A activity in the lithium space company has a very strong position to attract strategic partners from the A-list of lithium end users.


Press Release Source: TNR Gold Corp. On Tuesday August 31, 2010, 1:58 pm EDT

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 31, 2010) - TNR Gold Corp. ("TNR") (TSX VENTURE:TNR - News) and wholly-owned International Lithium Corp. ("ILC") (jointly the "Company") are pleased to announce the granting of an additional 4,000 hectare claim at the Mariana lithium brine project in Salta province, northwestern Argentina.



Key Highlights:





-- 40 sq km (4,000 hectares) claim granted adjacent to the east and south of Mariana claim group;
-- 33% increase in project area to 160 sq kms (16,000 hectares);
-- New claim secures prospective land area for potential future processing plant facility; and
-- $1 million drill program planned fourth Quarter 2010.

About the Mariana Project



The Mariana project, a lithium-boron-potassium salar, consists of several contiguous mineral claims covering a 160 km2 project area that strategically encompasses the entire salar and now includes a significant portion of the surrounding area to provide prospective land for a potential future processing plant facility. Salars, or salt lakes, host some of the largest known lithium, potassium, and boron resources in the world. Lithium brines with economical grades can produce cost effectively relative to other more cost intensive mine settings.



To date the Company has completed a number of phases of shallow subsurface brine sampling surveys across the salar on a 2 kilometre grid pattern. The majority of samples within the main 10 by 15 kilometre body of the salar returned values between 250-650 mg/L lithium. These lithium concentration levels are comparable to early stage results from producing salars in North and South America. In addition, the Company has conducted systematic sampling around the salar to characterize inflows and identify distinct geochemical as well as structural zones in the salar.



The Company is planning to initiate a $1 million drill program for fourth quarter 2010 on the Mariana lithium brine property in Argentina. The goals include a) geochemical characterization of the subsurface brine across different zones within the basin, b) identification of the stratigraphy for a geological model of the salar, c) identification and characterization of the aquifer potential of the basement of the salar, and d) establish a weather station and collect data on evaporation characteristics. The Company's intent is to utilize this drill program as a first step towards a resource classification of the brine.



The scale and timing of the proposed exploration programs are subject to and dependent upon the Company raising sufficient funds.



John Harrop, P.Geo, is the company's qualified person on the project as required under NI 43-101 and has reviewed the technical information contained in this press release.



ABOUT TNR GOLD CORP. / INTERNATIONAL LITHIUM CORP.



The Company is a diversified international metals exploration company focusing on the continued advancement of existing properties and identifying and acquiring new prospective projects. The Company has a portfolio of 18 active projects, of which 9 rare metals projects, including Mariana, will be held or optioned to the Company's wholly owned subsidiary International Lithium Corp upon completion of a proposed plan of arrangement.



The objective of the proposed plan of arrangement is to spin out the Company's rare metals property interests into a separate public company, International Lithium Corp. This proposed plan of arrangement has been approved by the Company's shareholders and the courts of British Columbia. The Company will now proceed with the spin out and will provide updates on the progress of the spinout in further news releases. For further details of the spinout, please refer to Stockwatch news dated May 26, 2010, or visit International Lithium's website.



The recent acquisition of lithium, other rare metals and rare-earth elements projects in Argentina, Canada, USA and Ireland confirms the combined companies' commitments to generating projects, diversifying its markets, and building shareholder value.



On behalf of the board,



Gary Schellenberg, President


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TNR Gold Corp.: 33% Increase in Project Area to 160 Square Kilometres, Mariana Lithium Brine Project, Argentina TNR.v, CZX.v, RM.v, LIT, LIT.v, LI.v, WLC.v, CLQ.v, ORE.ax, TSLA, BYDDY, NSANY, HEV, AONE, FCX, BHP, RTP




"Rick Mills was one of the first to cover the Lithium and REE story. He has wrote extensively about Lithium Canadian Junior market from early 2009 following TNR Gold, Rodinia Minerals, Western Lithium and other companies. In his Lithium ABC he described this investment opportunity of the century with necessary depth to understand basic risks, challengers and leverage provided by different Lithium market players. Now he is coming back to TNR Gold at the moment of International Lithium spin off and we think that it is an important step for the company to bring its story out. Results will speak later for themselves, with deals in Argentina and in Nevada with Asian Corporations asset portfolio of the company should get recognition in the coming months. Do not forget about all the risks connected with early stage play in exploration business, but project generation model described by Rick in his article can buffer some uncertainties while still providing upside to the successful projects. Company is very tightly held, management is concentrating on the business development and brings the story on the investment radar screens now - it is time to make a proper DD on this story.

We have a position in this company, please, do not consider anything as an investment advise, as usual, on this blog.

Ahead of the Herd










"As you already know, our top pick in Lithium space is TNR Gold with its coming spin out of International Lithium. You have Copper, Gold and Lithium in one portfolio of properties holding by this one company. Do your own DD particularly here - we have a position in the company - nothing should be taken as an investment advise here, we are biased, but you can still find a lot of information about the company on this blog.

The company is followed now by Jay Taylor and Richard Mills. The stock is building its upward momentum from the recent double bottom this summer, and after announced developments on its major lithium brine project in Argentina. Insiders are buying more shares and the company is raising capital for its pre IPO financing. Investors coming on board will give us another hint on the future development of this company. The most important value play will be in TNR Gold's ability to position the International Lithium portfolio of properties among strategic partners in order to rapidly advance Mariana into development stage and make a consolidation of projects in Nevada for US based Lithium development play."





Now Mariana becomes a very sizable project among other lithium brines in Argentina. Company talks about "New claim secures prospective land area for potential future processing plant facility" - management seems to be carefully considering its options before International Lithium spin out with major focus on Mariana lithium brine in Argentina. It will be very important to see investors coming on board in pre IPO financing. With recent M&A activity in the lithium space company has a very strong position to attract strategic partners from the A-list of lithium end users.


Press Release Source: TNR Gold Corp. On Tuesday August 31, 2010, 1:58 pm EDT

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 31, 2010) - TNR Gold Corp. ("TNR") (TSX VENTURE:TNR - News) and wholly-owned International Lithium Corp. ("ILC") (jointly the "Company") are pleased to announce the granting of an additional 4,000 hectare claim at the Mariana lithium brine project in Salta province, northwestern Argentina.



Key Highlights:





-- 40 sq km (4,000 hectares) claim granted adjacent to the east and south of Mariana claim group;
-- 33% increase in project area to 160 sq kms (16,000 hectares);
-- New claim secures prospective land area for potential future processing plant facility; and
-- $1 million drill program planned fourth Quarter 2010.

About the Mariana Project



The Mariana project, a lithium-boron-potassium salar, consists of several contiguous mineral claims covering a 160 km2 project area that strategically encompasses the entire salar and now includes a significant portion of the surrounding area to provide prospective land for a potential future processing plant facility. Salars, or salt lakes, host some of the largest known lithium, potassium, and boron resources in the world. Lithium brines with economical grades can produce cost effectively relative to other more cost intensive mine settings.



To date the Company has completed a number of phases of shallow subsurface brine sampling surveys across the salar on a 2 kilometre grid pattern. The majority of samples within the main 10 by 15 kilometre body of the salar returned values between 250-650 mg/L lithium. These lithium concentration levels are comparable to early stage results from producing salars in North and South America. In addition, the Company has conducted systematic sampling around the salar to characterize inflows and identify distinct geochemical as well as structural zones in the salar.



The Company is planning to initiate a $1 million drill program for fourth quarter 2010 on the Mariana lithium brine property in Argentina. The goals include a) geochemical characterization of the subsurface brine across different zones within the basin, b) identification of the stratigraphy for a geological model of the salar, c) identification and characterization of the aquifer potential of the basement of the salar, and d) establish a weather station and collect data on evaporation characteristics. The Company's intent is to utilize this drill program as a first step towards a resource classification of the brine.



The scale and timing of the proposed exploration programs are subject to and dependent upon the Company raising sufficient funds.



John Harrop, P.Geo, is the company's qualified person on the project as required under NI 43-101 and has reviewed the technical information contained in this press release.



ABOUT TNR GOLD CORP. / INTERNATIONAL LITHIUM CORP.



The Company is a diversified international metals exploration company focusing on the continued advancement of existing properties and identifying and acquiring new prospective projects. The Company has a portfolio of 18 active projects, of which 9 rare metals projects, including Mariana, will be held or optioned to the Company's wholly owned subsidiary International Lithium Corp upon completion of a proposed plan of arrangement.



The objective of the proposed plan of arrangement is to spin out the Company's rare metals property interests into a separate public company, International Lithium Corp. This proposed plan of arrangement has been approved by the Company's shareholders and the courts of British Columbia. The Company will now proceed with the spin out and will provide updates on the progress of the spinout in further news releases. For further details of the spinout, please refer to Stockwatch news dated May 26, 2010, or visit International Lithium's website.



The recent acquisition of lithium, other rare metals and rare-earth elements projects in Argentina, Canada, USA and Ireland confirms the combined companies' commitments to generating projects, diversifying its markets, and building shareholder value.



On behalf of the board,



Gary Schellenberg, President


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Canada Zinc Metals hires Translloyd Consulting for IR CZX.v, TNR.v, LUN.to, BLS.to, IMN.to, IVN.to, QUX.to, WRN.to, TKO.to, NCU.to, TCK, BHP, RTP



 
Another one of our Summer 2010 top picks is priming itself for public recognition. Canada Zinc Metals has secured strategic partnership with Chinese Tongling and drills are turning on the property promising news on potential blue sky discoveries and extension of the mineralized zone at the Cardiac Creek. At the moment of writing stock of CZX.v could be bought at 37% discount to the price Chinese are willing to pay for the latest stake in this company. Company is buying back its own shares as well now.


"Now we have quite a few tasty juniors in the market for this exercise. Companies like Goldstone Resources, Sunridge Gold, NGeX Resources and Almaden Minerals, but with Almaden that time has past with announced results and the stock is up almost 100% from Nobody Wants Time...two weeks ago. You can never be sure which one will be next, but when the insiders are buying you have a few odds in your favour. Two other stocks that we are following here are particularly interesting from this point of view: TNR Gold and Canada Zinc Metals. TNR Gold is moving forward with its spin out of International Lithium corp. and its major shareholder has made another acquisition of shares just few weeks ago and Canada Zinc Metals is now trading more then 20% below of placement price announced by its Chinese major shareholder as well. Richard Mills in his article below gives a very good picture on summer junior market trade and a very important big picture view with Dow:Gold ratio. He is following TNR Gold with International Lithium as well on his website.

 

We hold stake in this company and nothing should be taken as an investment advise on this blog, as usual."





Canada Zinc Metals hires Translloyd Consulting for IR




2010-08-30 16:28 ET - News Release


Mr. Peeyush Varshney reports



CANADA ZINC METALS ENGAGES INVESTOR RELATIONS CONSULTANT



Canada Zinc Metals Corp. has entered into an agreement with Translloyd Consulting GmbH for the provision of investor relations and communications services to Canada Zinc Metals. Translloyd, based in Germany, is a boutique consulting firm that specializes in investor outreach in Europe for mineral exploration companies. Translloyd advises that its does not currently have any interest, directly or indirectly, in the company. Pursuant to the agreement, Translloyd will provide investor relations services to Canada Zinc Metals, including, but not limited to, introducing the company to investors in Europe. Translloyd's engagement, which is subject to regulatory approval, will be effective Sept. 1, 2010, for a term of six months, thereafter renewable on a month-to-month basis. The company will pay Translloyd a fee of $7,000 per month and reimburse it for approved expenses.


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Canada Zinc Metals hires Translloyd Consulting for IR CZX.v, TNR.v, LUN.to, BLS.to, IMN.to, IVN.to, QUX.to, WRN.to, TKO.to, NCU.to, TCK, BHP, RTP



 
Another one of our Summer 2010 top picks is priming itself for public recognition. Canada Zinc Metals has secured strategic partnership with Chinese Tongling and drills are turning on the property promising news on potential blue sky discoveries and extension of the mineralized zone at the Cardiac Creek. At the moment of writing stock of CZX.v could be bought at 37% discount to the price Chinese are willing to pay for the latest stake in this company. Company is buying back its own shares as well now.


"Now we have quite a few tasty juniors in the market for this exercise. Companies like Goldstone Resources, Sunridge Gold, NGeX Resources and Almaden Minerals, but with Almaden that time has past with announced results and the stock is up almost 100% from Nobody Wants Time...two weeks ago. You can never be sure which one will be next, but when the insiders are buying you have a few odds in your favour. Two other stocks that we are following here are particularly interesting from this point of view: TNR Gold and Canada Zinc Metals. TNR Gold is moving forward with its spin out of International Lithium corp. and its major shareholder has made another acquisition of shares just few weeks ago and Canada Zinc Metals is now trading more then 20% below of placement price announced by its Chinese major shareholder as well. Richard Mills in his article below gives a very good picture on summer junior market trade and a very important big picture view with Dow:Gold ratio. He is following TNR Gold with International Lithium as well on his website.

 

We hold stake in this company and nothing should be taken as an investment advise on this blog, as usual."





Canada Zinc Metals hires Translloyd Consulting for IR




2010-08-30 16:28 ET - News Release


Mr. Peeyush Varshney reports



CANADA ZINC METALS ENGAGES INVESTOR RELATIONS CONSULTANT



Canada Zinc Metals Corp. has entered into an agreement with Translloyd Consulting GmbH for the provision of investor relations and communications services to Canada Zinc Metals. Translloyd, based in Germany, is a boutique consulting firm that specializes in investor outreach in Europe for mineral exploration companies. Translloyd advises that its does not currently have any interest, directly or indirectly, in the company. Pursuant to the agreement, Translloyd will provide investor relations services to Canada Zinc Metals, including, but not limited to, introducing the company to investors in Europe. Translloyd's engagement, which is subject to regulatory approval, will be effective Sept. 1, 2010, for a term of six months, thereafter renewable on a month-to-month basis. The company will pay Translloyd a fee of $7,000 per month and reimburse it for approved expenses.


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Monday, 30 August 2010

Lithium Drive: WebRidesTV - Fisker Karma Dealership Unveil TNR.v, CZX.v, RM.v, LIT, LIT.v, TSLA, BYDDY, NSANY, WLC.v, CLQ.v, SQM, FMC, AVL.to,





  Karma Fisker can be the ultimate marketing driving force for EV market (until Apple will produce its iCar), we like it more in its blue incarnation and have tasted its smell already. The car is just what we need for our Electric ride, it will not make us our EV mass market, but will create the buzz about EVs once it is out. Here things are not as exiting as we are with Karma's design: production and delivery was postponed a few times already, but according to this video Karma is on its way now in the Q1 next year.

Fisker Automotive
Image via Wikipedia

  Another EV from Fisker automotive - project Nina - promise to make EVs (or REVs to be more precise) more affordable, but with the same solid touch of top brands in auto making. We do not have any details yet apart from the price range promised to be around $50000. we assume that it is before any federal or state tax rebates. Here Nina will compete with Nissan Leaf and GM Volt which are already available for test drives and will be in the showrooms by this year end.

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Lithium Drive: WebRidesTV - Fisker Karma Dealership Unveil TNR.v, CZX.v, RM.v, LIT, LIT.v, TSLA, BYDDY, NSANY, WLC.v, CLQ.v, SQM, FMC, AVL.to,





  Karma Fisker can be the ultimate marketing driving force for EV market (until Apple will produce its iCar), we like it more in its blue incarnation and have tasted its smell already. The car is just what we need for our Electric ride, it will not make us our EV mass market, but will create the buzz about EVs once it is out. Here things are not as exiting as we are with Karma's design: production and delivery was postponed a few times already, but according to this video Karma is on its way now in the Q1 next year.

Fisker Automotive
Image via Wikipedia

  Another EV from Fisker automotive - project Nina - promise to make EVs (or REVs to be more precise) more affordable, but with the same solid touch of top brands in auto making. We do not have any details yet apart from the price range promised to be around $50000. we assume that it is before any federal or state tax rebates. Here Nina will compete with Nissan Leaf and GM Volt which are already available for test drives and will be in the showrooms by this year end.

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Lithium Drive: Nissan LEAF Test Drive and Review TNR.v, CZX.v, RM.v, LIT, LIT.v, TSLA, BYDDY, NSANY, WLC.v, CLQ.v, SQM, FMC, AVL.to,




Nissan LEAF Test Drive and Review from Nissan.

You will be able to buy Nissan Leaf in some states at the prices under $21000 including federal and state tax rebate.

We have another very cool video from Translogic this time about Nissan Leaf test drive.



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Lithium Drive: Nissan LEAF Test Drive and Review TNR.v, CZX.v, RM.v, LIT, LIT.v, TSLA, BYDDY, NSANY, WLC.v, CLQ.v, SQM, FMC, AVL.to,




Nissan LEAF Test Drive and Review from Nissan.

You will be able to buy Nissan Leaf in some states at the prices under $21000 including federal and state tax rebate.

We have another very cool video from Translogic this time about Nissan Leaf test drive.



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Copper in Canada: Copper Fox Metals on the move today CUU.v, TNR.v, CZX.v, LUN.to, FCX, BHP, RTP, CS.to, BWR.to, IMN.to, IVN.to, QUX.to, TKO.to, QUX.to, NCU.to, GMO




Copper Fox Metals is on the move up today with volume and maybe will break out finally out of 0.4CAD range. Another long term Copper play is back in the business after the crash. Story is very high leveraged to Copper price and any potential M&A deals.

"Now we have Credit Swiss talking about Copper 10000 USD/t and the other base metals with upside of 30% - 100% in the coming years. Robert Friedland is pushing Green Copper with electric cars and Lithium as well"




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 TERTA 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.

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Copper in Canada: Copper Fox Metals on the move today CUU.v, TNR.v, CZX.v, LUN.to, FCX, BHP, RTP, CS.to, BWR.to, IMN.to, IVN.to, QUX.to, TKO.to, QUX.to, NCU.to, GMO




Copper Fox Metals is on the move up today with volume and maybe will break out finally out of 0.4CAD range. Another long term Copper play is back in the business after the crash. Story is very high leveraged to Copper price and any potential M&A deals.

"Now we have Credit Swiss talking about Copper 10000 USD/t and the other base metals with upside of 30% - 100% in the coming years. Robert Friedland is pushing Green Copper with electric cars and Lithium as well"




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 TERTA 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.

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