- Oops!Something went wrong.Please try again later.
DALLAS, TX / ACCESSWIRE / October 13, 2021 / Copper Fox Metals Inc. (TSXV:CUU): The full report can be accessed by clicking on the following link: http://stonegateinc.com/reports/CUU.V Initiation.pdf
Copper Fox Metals Inc. is a resource company engaged in the exploration and development of copper mineral properties in North America. The Company's principal advanced stage asset is the Schaft Creek porphyry copper-gold-molybdenum-silver project located in northwestern British Columbia. The Company's other advanced staged project includes the Van Dyke ISCR project, in Arizona. Other copper exploration projects include Eaglehead, a copper-gold-molybdenum-silver project in northwestern British Columbia, and the Sombrero Butte and Mineral Mountain copper projects in Arizona. Copper Fox Metals was incorporated in 2004 and is headquartered in Calgary, Canada.
Two advanced stage copper projects with significant resources - Copper Fox has two advanced stage projects in Schaft Creek and Van Dyke. Schaft Creek comprises 56,180 hectares and is one of the largest undeveloped porphyry copper-molybdenum-silver deposits in North America. Schaft Creek has 1,345.5Mt of measured and indicated resources, along with 343.6Mt of inferred resources. The Van Dyke project is an in-situ copper recovery (ISCR) project located within the Miami-Inspiration trend of porphyry deposits in the Globe-Miami Mining District in Arizona. The project covers 531 hectares and has 97.6Mt and 168.0Mt of indicated and inferred resources, respectively.
NPVs point positive - Both the Schaft Creek and Van Dyke projects published PEA's that indicated positive NPVs and returns. Schaft Creek's 2021 PEA shows an after-tax NPV8% of US$842.1M and IRR of 12.9%. Van Dyke's 2020 PEA reported an after-tax NPV7.5% of US$644.7M and IRR of 43.4%.
Schaft Creek project has significant partner - Copper Fox's most advanced project is Schaft Creek and is held in a joint venture with Teck Resources Limited. Teck is a 75% owner and operator of the project with Copper Fox at 25% ownership, carried through to production. Although the project is still in the advanced development stage, given Teck's global mining reputation, size, and involvement, execution risk is potentially lowered.
Additional exploration assetsadd potential upside - Copper Fox also has three additional exploration assets in Sombrero Butte (SB), Mineral Mountain (MM), and Eaglehead (EH). SB covers approximately 1,389 hectares and is in the porphyry copper metallogenic province of the southwestern U.S. which is one of the largest copper districts in the world. MM covers approximately 2,043 hectares and is an early-stage Laramide age, copper porphyry exploration project located in the Mineral Mountain Mining District. EH is a porphyry copper project covering 15,956 hectares. In 2021, Copper Fox transitioned the MM and the SB projects to the drilling stage, which is planned for early 2022. Copper Fox recently completed its 2021 Program for EH with the goal to advance to a potential 2022 drill program.
Significant insider ownership - Management and board members own approximately 58% of common shares.
Valuation - Schaft Creek's 2021 PEA shows an after-tax NPV8% of US$842.1M, of which Copper Fox owns 25%. Van Dyke's 2020 PEA reported an after-tax NPV7.5% of US$644.7M, of which Copper Fox owns 100%. Comparing these values to Copper Fox's market cap of CAD$193.9M, it appears it is trading at a significant discount.
About Stonegate Capital Partners
Stonegate Capital Partners is a Dallas-based corporate advisory firm dedicated to serving the specialized needs of small-cap public companies. Since our inception, our mission has been to find innovative, undervalued public companies for our network of leading institutional investors who seek high-quality investment opportunities.
Stonegate Capital Partners
SOURCE: Stonegate Capital Partners
View source version on accesswire.com: