Welcome To the Copper Fox Metals Inc. HUB On AGORACOM

CUU own 25% Schaft Creek: proven/probable min. reserves/940.8m tonnes = 0.27% copper, 0.19 g/t gold, 0.018% moly and 1.72 g/t silver containing: 5.6b lbs copper, 5.8m ounces gold, 363.5m lbs moly and 51.7m ounces silver; (Recoverable CuEq 0.46%)

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Message: Copper Fox - Big on Promises Short on Delivery

I listened to the AGM recording this AM. No surprises there since Bigbuck had already asked some tough questions on Aug 12 and, amazingly, got some real answers. Now we know the heart of the problem faced by CUU at SC. If they want to get anywhere near the NAV they will need two things to show a potential buyer. The first is a valuation supported by a NI-43-101 document and a path to development. Cuu has neither on SC so a sale or ROFO is not realistic. They have to convince Teck to sign off on the report as a NI-43-101 document or they will have to wait until next year to see if Teck will pursue a prefeasibility study as the next step in development. Van Dyke has a different and challenging path to selling for the NAV. It's at PEA stage, just like SC, and the SEC does not recognize resources, only reserves. The next stage according to the PEA is $ 12 million USD for exploration and engineering studies. So CUU has to convince a buyer to pay NAV and also conduct significant de-risking by removing the surface land objection to executing the ISL pilot, carry out the ISL pilot to confirm recoveries and  spend millions for a feasibilty study to book reserves on the property. Since both properties are not in a state where they can realistically get NAV then they have to pivot to their other properties and get back to drilling to add value. The only surprise was the share price holding up. I had posted some limit bids last week in case there was a stampede through the exits but it has held up well. I'll leave the bids in for a while and see what happens. I will buy back in if the price is right. I see a few triggers coming up later this year that could increase share value.

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