My interpretation is that a lot of work was already done in the past, specially in the East and Bornite Zones.  Doing a Resource Estimate and PEA, with minimal expenses, is at reach.

If Copper Fox can link both zones together with the 2022 program, it could provide a mineralized zone that's at least 2000m in strike.

From my napkin calculation 2000m x 600m x 600m equals to 1,234MT, which is equivalent to SC.

If the grades are similar to SC, it should yield similar reserves.

For the grades, the Bornite Zone seems promising, possibly better grades than SC?

From the technical report:

"Diamond drilling completed on the Eaglehead Project from 2006-2016 totaled 24,362.4m in 67 holes. The drilling targeted the Far East, East, Bornite and Pass zones, and intersected broad intervals of copper mineralization, some of which are accompanied by significant concentrations of molybdenum-gold-silver, including: 551.08m averaging 0.23% Cu, 0.013% Mo, 0.060 g/t Au, and 0.9 g/t Ag in hole 121 drilled in the East zone; 111.00m averaging 0.483% Cu, 0.020% Mo, , 0.276 g/t Au, and 1.4 g/t Ag in hole 116 drilled in the Bornite zone; 162.00m averaging 0.140% Cu, 0.010% Mo, 0.03 g/t Au, and 0.7 g/t Ag in hole 125 drilled in the Pass zone."

For the recoveries, possibly better than SC?

"A simple copper/molybdenite rougher-regrind-cleaner flotation flowsheet was employed and excellent flotation results were achieved from the locked cycle test. The final copper/molybdenite bulk concentrate assayed 29.6% Cu, 2.72% Mo, 28.2 g/t Au, and 175.9 g/t Ag at recoveries of 89.9% copper, 71.1% molybdenite, 78.6% gold, and 78.1% silver."

For the location, topography seems favorable vs. SC - possibly lower capex?

Still lots of work required, but looks promising.

IMO.

MoneyK