Copper Fox and Teck will 100% update the 2012 feasibility study! It is very clear this is the next big development. The 2013 (Pit expansion and slope stability design- technical improvements) and 2014 (Optimization studies) corporate plans signal two developments to happen in 2015:

-updated economic study

-updated environmental assessment application

The joint venture will do what Yellowhead mining completed just days ago:

http://copperinvestingnews.com/20524-yellowhead-releases-updated-feasibility-study-for-harper-creek.html

A updated feasibility study is coming, the joint venture is not doing all these improvements to not incorporate the new data into a final product (BFS), it would make no sense if they did not update the study with all this work done the last 2 years! At current, the 2012 BFS is irrelvant based off the last 2 years of mining activity at Schaft Creek.

Elmer states in the new corporate presentation under "newsflow" (announcements to come to the public) Optimization studies for Schaft Creek. These studies are under "milestone" developments which is the company's way of telling us this is huge news and game-changing for the company!

This to me will show immense improvements to the overall Schaft Creek project (economically and politically). I still stand by my notion that Copper Fox management will not sell our 25% interest in the future mine until these developments are complete and until we receive the EA permits!

For people that say we are not going to wait for these developments to be completed, I say your wrong because all of this activity points to revised BFS...the economic study will showcase the economic enhancements the joint venture has been completing the last two years.

What is Elmer waiting for before he signs over the ownership? Well two big things!

1) The revised BFS document- this will support our "asking" price to sell the asset (Schaft Creek)

2) EA permits in hand- allows for the 5% discount rate evaluation to be applied to the mine's economics and NPV as this will further support our asking price as a secondary tool. My estimated buyout value- 1.2-1.8 billion for the asset to Copper Fox if all the above developments are achieved!

In negotiations, it is all about leverage and these two items will provide management with the maximum advantage to determine fair value which means the company has melt its fiduciary duties to obtain the highest value for shareholders in buyout discussions. Mark my words, this needs to happen and it will. Remember this post folks!

The infrastructure and exploration potential of the project is also huge! We potentially have another 2-3 sized Schaft Creek deposits on our land which people may have forgotten. In 2012, Elmer has already proved the discovery zone is mineralized and could be a large deposit that would need extensive drilling down the road. The "district" theory is no longer theory but fact based off 2012 corporate developments. That is worth some money too lol.