also why not call in the warrants now before the sp potentially tanks below 9 cents.

It is in company's best interest to call in the warrants after March 2023 when their price goes up to 12 cents and more money coming into copper fox coffers. Then they have one year until March 2024 to call in the warrants. Chances of SP tanking and remaining below 12 cents for the next 16 months are very slim, imo. And if the unthinkable does happen, they will probably extend the warrants, like they've done in the past.