A. There is a significant gap between the recently established NAV of Copper Fox and its current market price.  For junior companies like Copper Fox the share price would be expected to be in the order of 0.5 to 0.7 X NAV.  Currently Copper Fox is trading at 0.12 to 0.15 of its NAV.  Copper Fox’s NAV is based on the 2020 and 2021 Preliminary Economic Assessments for the Van Dyke and Schaft Creek projects, both of which were prepared by independent engineering companies.  Several market factors can contribute to the gap between the market price and NAV, especially in junior resource companies, such as micro and macro economic events, market awareness, commodity prices, market sentiment and investor perception to name a few.

Add a reasonable premium (25%-50%) to the above and it should give you a good ballpark.

IMO.

MoneyK