Agoracom: Small Cap Investment - Copper Fox Metals Inc.

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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RabidTiger

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The good, the bad, and the ugly

posted on Dec 21, 2012 11:43PM

The Good:

- The BFS is complete! Props to Elmer for pushing to get this done this year

- Good capex

- Good mine life and good level of Resources converted to Reserves

- Lots of expansion options

- Good improvement opportunities (waste rock)

The Bad

- The economics are quite weak

- Sustaining capital has jumped quite a bit

The Ugly

- Our environmental application got kicked from 2012 to maybe Q3 2013. This is a critical path item that delays our start up by that much as well.

- Full production is not until 2020. This is hardly the turn key mine we were promised. The BFS reads more like a guideline than a solid path forward. Lots of uncertainties.

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