Thank you Explorationguy for your reply! Your knowledge is top-notch and helpful.

I thought it had to do with metal recoveries but why are the rates so low? Only 48% recovery for silver? 58% for Moly? Why? I did not realize the rates were that low. We need to increase those numbers so hopefully we are conducting metallurgy studies on the deposit.

The potential of this project is huge. What would our cashflow and NPV be if these recovery rates were higher? Not to mention the waste rock being converted into generating ore, increased production rates, lower costs to produce a pound per Copper, expanding the pit shell to allow for the remaining 40% of M&I resources within the Paramount Zone that is outside the pit that can not be incorporated into the BFS. Any educated numbers?

With the currency rate at .90 the base case is 1.2 billion, and 1.7 billion for the real options case as the current BFS stands.

What if our management team actually drilled the waste and East side in 2012? Elmer's argument was let Teck use their funds to improve our value at no cost to us but is that strategy working? I hope the 2014 workplan is meaningful once it is publicly announced....I expect a drill program in addition to the engineering studies (maybe target the inferred resources outside the pit shell: 426 million tonnes of ore waiting to be confirmed as real and minable). Let us hope Teck puts some substantial investment capital into Schaft Creek once all plans are finalized.

Copper Fox's shareprice did not fall off the cliff once Teck released their Q4 report which means the market is expecting favourable news in March regarding the future developments of our project.

Anyone here going to the PDAC event? Ask some important questions on the board's behalf.