Another quote from the same article (by Bernie Roseke), for those of you with the patience to wait:
What’s next?
Copper Fox has an agreement with Teck Resources whereby Teck can “back-in” to the project with a 75% stake, leaving Copper Fox with 25%. Clearly Teck has a right of first refusal.
If they back in, they will begin the process of constructing the mine and Copper Fox is left as a semi-passive partner. In this scenario, starting in 2020 Copper Fox will be a mining company with 69 million pounds of copper production and 59,000 ounces of gold production, or 205,000 gold-equivalent ounces. With 420 million shares outstanding, this positions the company very favourably. It would produce 1/2,000 ounce per share, a level similar to Eldorado Gold which trades at about $13. (Today it is trading at $7.58, but still...this would be for 25% of the project.)
If Teck does not back in, Copper Fox would be free to search for other partners. Everything is, of course, wide open in this scenario.
--http://www.junior-gold.com/copper-fox-metals-feasibility-study/