Welcome To the Copper Fox Metals Inc. HUB On AGORACOM

CUU own 25% Schaft Creek: proven/probable min. reserves/940.8m tonnes = 0.27% copper, 0.19 g/t gold, 0.018% moly and 1.72 g/t silver containing: 5.6b lbs copper, 5.8m ounces gold, 363.5m lbs moly and 51.7m ounces silver; (Recoverable CuEq 0.46%)

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Message: Sell in May....

We've got two things working against us. The first factor is inflation. Inflation has hit capex in the mining industry worldwide since our prefeasibility came out in 2008. The second factor is the increase in our proposed mine size since our prefeasibility. The change from 100,000 tpd to 180,000 tpd will definitely increase costs.

Unfortunately we don't have any real indication of where capex costs will be. In an old video presentation Elmer commented on capex. He sounded fairly confident that we won't have any major surprises.

High capex is okay. Sky high capex that scares Teck away is not.

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