Currently valued at $2.64/pound
The metal is down from its recent highs in the 2.80s range but this commodity still has very strong fundamentals!
-Demand and supply fundamentals favourable
-Mine disruptions (Chile, Indonesia, etc)
-Lower grades and production guidance
-Reduced development and discovery due to lack of capital investment in copper exploration
The current downward trend is in connection to Trump prolonging infrastructure spending until 2018 (550 billion spending plan)
Copper Fox shareholders should not be too worried about the price of Copper as the demand is there and supply shrinks! We should see $3.00 copper soon. We just need that resource model announced and sell this SC project. The company is currently undervalued in connection to its peers (other resource development plays) that have MCs ranging from 100-350 million.
I believe based off the new SC economics, we should see a substantial market value increase in our shares.