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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I think they had anticipated a better market response to the RE

The plan was to raise 10 million by a PP at a much better share price

Since the response to the RE was flat, Elmer was reluctant to dilute by 10 million shares for the ongoing exploration

The minimum to finish up the FS, cover the new claims deals and provide a significant minimum of drilling in the new seaso was all that was sought

I assume they feel they have enough with this funding to get them to the next step

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