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: Recession

The copper price, like most commodities, is in free fall.  A recession is inevitable, experts say.  How do Ernesto and Elmer view this?  Until recently, they denied that a recession was imminent and only saw the price of copper rise.  The world has changed compared to a few months ago.  You can expect Ernesto and Elmer to respond to this change and adapt their strategy to the changes.  It is not wise to wait a long time with the sale of SC and VD with a prolonged recession in sight.  The drilling at SC will start in a few weeks (according to Elmer).  This could mean that the drill results and the results of the metallurgical analysis could be known in September.  A sale of SC before the end of the year is therefore a possibility.  For VD, we have to wait for the final 2022 program and associated budget.  Is it decided on the basis of this budget what the strategy is “further development or sale”?  Or has the decision to continue development already been made?  Does anyone know this?  After more than 12 years of waiting, Ernesto and Elmer can be expected to finally do what they have been calling and promising "buy, develop and sell" all along.  I think the shareholders should finally be rewarded for their investment in this company and the long wait.

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