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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: Schaft Creek

http://www.copperfoxmetals.com/s/SchaftCreek.asp?ReportID=269883

They updated the website under "Schaft Creek Project". Before it said, "Under Construction".

Copper Fox owns 25% of the shares representing the 78% interest in Liard Copper Mines.

"The shares representing the 78% interest in Liard Copper Mines Limited ('Liard') that are included in the Schaft Creek Joint Venture will be held in the name of Teck for the benefit of Copper Fox (25%) and Teck (75%). Liard holds a 30% net profits interest in the Schaft Creek property"

I hope we update the feasibility Study after this year's drilling results come in. In hoping for an updated feasibility report could Teck incorporate the waste rock as mineralized ore since they have the drill cores and assays? This along side the new resource estimate could substantially change the economics of the project...game changer for sure I believe. Removing the waste rock from the equation would improve and lower the cost per pound when extracting the ore which would mean higher profits and NPV.

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