Copper Fox will not be spending very much of its money on the Schaft Creek project.

Why? See Schaft Creek Project note in Copper Fox January 31, 2018 interim financials. It states:

"Teck is the operator of the SCJV and is responsible for, in addition to other obligations, funding the first $60 million in pre-production expenditures at Schaft Creek. After the first $60 million has been funded by Teck, the costs will be split based on the ownership percentage. As of January 31, 2018, Teck has funded approximately $20 million towards the Schaft Creek project since mid-2013"

Therefore, no need to "sit tight" - Teck are paying for the Schaft Creek ride!! 

Also, total their cash costs in the 3 months ended January 31, 2018 were only $192,294 compared to $423,933 in the same period last year. The Board of Directors actually took a cut - they were paid the princely sum of $3,000 compared to $3,500 last year.