From Seeking Alpha yesterday
posted on
Dec 05, 2014 03:40PM
...interesting comment below on schaft creek not going anywhere....
Summary
Copper Fox reports decent recovery rates at the Van Dyke copper project, but the low-recovery zones will need additional attention.
This is a positive surprise as I completely ignored the Van Dyke project in my previous assumptions.
The investment thesis could be positively impacted should the Van Dyke project prove to be economically viable.
After Copper Fox Metals (OTCPK:CPFXF) started to realize its huge Schaft Creek project wasn't going anywhere at the current commodity prices, it started to look at other possibilities to create value and the Van Dyke copper project in Arizona was a logical choice. As the company was able to base its exploration decisions on historical intercepts, it was in a very lucky position to fast-track further test work on the project. The verification drill program conducted in 2014 is expected to result in an updated (and NI43-101 compliant) resource update.