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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The $-0.04 cost for copper mentioned in the presentation is definitely very positive for us. However, I'm hesitant to put a lot of weight on that number because the annual production number of 203M lbs seems off to me.

At an absolute minimum, we should be 20% higher than the PFS (120,000 tpd vs 100,000 tpd). This would put us at 253M lbs / year.

Using the 150,000 tpd indicated in the AIR, we should be at 317M lbs / year.

Using the 600,000 tonnes per year of concentrate mentioned in the AIR and the Port Agreement puts us at 448M lbs / year.

It may just be a case of underpromise and overdeliver, but I am still hesitant to rely too much on those numbers.

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