The current, 02-Nov-2015, market price of copper is $5,137...

The current, 02-Nov-2015, market price of copper is $5,137 dollars (US) per tonne.



We know Fyre Lake has a 10+ year mine life - but it's really down to the grades.  If next Candian summer drilling can increase the grades, then some serious cash flow will be coming along.

Assuming we secure a toll treatment lease with Yukon Zinc, here's a rough calculation (and lets look at copper alone):  Assuming full 750,000 tonnes of ore processed, 1.56% will equate to around 11700 tonnes of copper produced.

11700 x $5137 = around $60 million dollars (US) cashflow per year - and that's looking at the copper alone..

The thing we've now got to figure out is CAPEX and OPEX.  So far, I'd say the most costly capital expenditure at this stage will be building a road through the terrain from Fyre Lake to Wolverine. (around 40km's)

The market cap is only $5.4 million as of today - No wonder we have big buyers over the past few trading days.  A deal with Yukon Zinc will really unlock the value of Fyre Lake.

Fingers and toes crossed.