Wow, Great find Richy. Interesting article.

This is why I advocate for a revised BFS! This article hurts us in that they expess we are currently worth only 25 cents a share. I read this article, and saw some positive points to Copper Fox but this base case NPV of 513 million affects us even though that value is incorrect. The writer uses the 8% discount when he should be using the 5% discount rate since the scenario he uses involves Copper Fox being miners.

Also, he forgets to mention all our BFS improvements which would completely change the NPV, then do not forget about the 2013 drill program being incorporated to add to the improvement of the NPV on top of the BFS recommendations.

Copper Fox will not be in any debt either.

It is time for that new BFS, this outdated document is affecting us.