1 in 10000 is a little steep...but its true that for all the juniors who actually do find a deposit only about 10% of them will prove up. Sometimes it takes years of drilling etc. only to be turned down when the feasibility study turns out to be less glamorous then thought. Just look at Galore Creek.

Although one thing you need to remember is that economic viability is not only a function of the size of the deposit, it can also be augmented by various methods with a higher recovery rate, and also the current price of the metal contained therein. In the latter case the prices being higher can make a smaller deposit far more viable.

Copper Fox is a rare gem, the size, the recoverability, its polymetallic nature and its low environmental impact all coming together to create an absolutely astounding play. In fact it could be argued the only two falliabilitys of this company are the high number of shares outstanding and the fact that Teck can back in for 75%. Regardless...25% of a deposit like this is still extremely valuable. The best thing about CUU in my eyes is that it contains a lot less risk than other juniors, indeed even other juniors in its class because at least we already have a partnership with a major producer.

Rogue,