In my opinion, once the VD PEA is completed, there would not be enough upside left for Copper Fox to continue with this project.  Even if they drill the other zone and add more mine life, it would not increase the NAV significantly, as the revenues would be far down the road.

Maybe CF will surprise us with the sale of VD before Schaft Creek.  Keep in mind that VD would also require an independant 43-101 prior to any transaction, therefore, a possible reason why they did a new PEA out of the blues.

MoneyK