Elmer has been busy it seems, he is networking and promoting the "Copper Fox" name. He was at an event in Arizona.

Also in terms of mine development, we need to know the results of these Optimization studies as the reports will show the improvement of the mine in different areas of the project's economics:

Metallurgical- improve the recovery rates

Pit slope design- improve the pit shell design to incorporate the M&I resources outside the pit (left out due to safety issues)

Geological model- improve the size of the mineral resource including all 2013 results into a new model design to better understand the structural system of Schaft Creek.

I hear that this information can not be released due to 43-101 regulations but I think that is blind to say because as long as a "QP- qualified person" reviews the data or reports they can publish the findings of these comprehensive studies!

Some here say these Optimization studies can not legally be released over 43-101 regulation but funny how Copper Fox reports and publishes that Van Dyke deposit has over 2 billion pounds of Copper without following proper regulatory law of 43-101 disclosure rules.

As the below states, 43-101 national instrument ensures that misleading, and fraudulent information relating to mineral deposits is not published to investors, so I highly doubt Teck conducting these studies will try to misled investors as they are a professional and reputable organization which means I know these reports will not be erroneous and fraudulent! As long as the reports/studies have a QP person attached to the disclosure they can release the findings as the end-result should be very positive and add huge value to our company's worth! Teck of course would rather not promote these studies because it would benefit Copper Fox greatly when asking for a buyout price/figure. Duhhhh.

In connection to these studies, if positive I am sure that teck will make a production decision IMO. I would hope they submit the EAA this year then knowing the positive results of the "Optimization studies" the BFS could then be revised (knowing the report is now outdated and could be improved greatly) if Teck has not already done so privately.

Notes on 43-101 regulation and disclose of information

Plainly put, the purpose of the National Instrument 43-101 is to ensure that misleading, erroneous or fraudulent information relating to mineral properties is not published and promoted to investors on the stock exchanges overseen by the Canadian Securities Authority.

The NI 43-101 was created after the Bre-X scandal to protect investors from unsubstantiated mineral project disclosures.

he promulgation of a codified reporting scheme makes it more difficult for fraud to occur and reassures investors that the projects have been assessed in a scientific and professional manner. However, even properly and professionally investigated mineral deposits are not necessarily economic, nor does the presence of a NI 43-101-, JORC- or SAMREC and SAMVAL-compliant CPR or QPR necessarily mean that it is a good investment.

Similarly, the publication of a complex technical report with all the inherent jargon, technical wording and abstract geological, metallurgical and economic information may not actually significantly advantage an investor who is not able to fully nor properly understand the content or importance of this information. In this way the NI 43-101 may not serve the interests of those it is designed to protect— the retail investors who may easily misinterpret such information.

NI 43-101 stipulates and codifies the form and content of a compliant report (i.e.; a report that complies with the Reporting Standard).

Prescribed disclosure within the National Instrument relates to;

• All disclosure of scientific or technical information, including disclosure of a mineral resource or mineral reserve, concerning a mineral project on a property material to the issuer must be based upon information prepared by or under the supervision of a qualified person
• What the National Instrument is to be used for, such as which types of mineral properties must be covered by a compliant report
• Prescribes the terminology to be used to describe various features, both geologically and financially, within the report
• Stipulates the type of information to be discussed and the technical data which must be portrayed, for various levels of reporting
• Prescribes a list of approved Competent Persons, and the definition of Groups and Associations which may qualify to certify such a person as "Qualified"
• Prescribes that a Qualified Person vouches for the accuracy and completeness of the contained information and the manner in which it is presented
• Provides guidance on reporting Historical mineral resource estimates

Proscribed disclosure within the National Instrument precludes a company from reporting;

• Quantity, grade, or metal or mineral content of a deposit that has not been categorized as an inferred mineral resource, an indicated mineral resource, a measured mineral resource, a probable mineral reserve or a proven mineral reserve
• Results of an economic analysis that includes inferred mineral resources
  • Allows for the potential grade, quantity and metal or mineral content of an exploration property, provided that a qualifying statement is made as to this being conceptual in nature
• The term preliminary feasibility study, pre-feasibility study or feasibility study when referring to a study unless the study satisfies the criteria set out in the National Instrument

The instrument requires that a "qualified person" be attributed to the information. This Qualified Person, in the spirit of the National Instrument, is required to be a reputable professional who is knowledgeable of the mineral property concerned, and who has sufficient experience and qualifications to make the statements which are made within the report. Often the Qualified Person need not be the author of the report, but in attributing the report as being compliant with the National Instrument, they are vouching for it. This is a matter of professional integrity and carries legal risk, as misleading statements can result in legal sanctions in Canadian and other jurisdictions.

A qualified person is defined in the National Instrument as:

• is an engineer or geoscientist with at least five years of experience in mineral exploration, mine development or operation or mineral project assessment, or any combination of these;
• has experience relevant to the subject matter of the mineral project and the technical report; and
• is in good standing with a professional association and, in the case of a foreign association, is of recognised stature within that Organisation.

The requirement for a Qualified Person in the NI 43-101 is different from that required by the JORC Code, and the SAMREC and SAMVAL Codes, wherein the person must have 5 years experience relevant to the deposit type or style of mineralization but is otherwise similar in terms of who may or may not sign off on such a document.

The Qualified Person must declare whether a qualified person has verified the data disclosed, including sampling, analytical and test data underlying the information or opinions contained in the written disclosure; a description of how the data was verified and any limitations on the verification process; and an explanation of any failure to verify the data.