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: Re: RE 2012 calls for 2 further exploration phases

The FS will be incidental to the negotiation in that it merely has to show break even and start the clock

I wouldn't say starting the clock is incidental.

The Feasibility will also show updated Capex costs which might be the single most important detail of this whole venture. This document might also be necessary to arrange financing for any potential buyer so they might need to wait for it to be produced.

Mike once told me that they would take the Resource Estimate and look for funding, but they might need a Feasibility to finalize the funding--"they" being whoever buys us out and prepares to mine.

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