Known risk factors include:

1) the Schaft Creek Joint Venture may not result in a Production Decision being made, or the construction of a mine;

2) further exploration and development of the Schaft Creek property may not occur as expected;

3) cash payments to Copper Fox may not be paid by Teck in the quantum or timing expected, or at all;

4) financing commitments may not be sufficient to advance the Schaft Creek project as expected, or at all; and acquisitions may not materialize.

There are 4 known risks identified in the updated corporate presentation, but where is the 5th risk factor that was always associated within the forward-looking statement?

Did you guys realize they removed a known risk factor from the "forward looking statements" slide in the newest presentation?

5th risk factor: The Schaft Creek project may not as planned be connected to the Quinn Station substation and receive the proposed power supply to the company's Schaft Creek project in connection to the NTL line.

My thoughts are simple. Since we are very close to the completion of the "Facilities Study Agreement" according to the below news release I think this corporate development is no longer a risk! The fact that the company removed this known risk off there newest corporate presentation tells me they might have the completed BC Hydro study in hand. The news release stated the BC Hydro study could take up to a year to complete, and this news was announced March 25th, 2013 which means the year is nearly up and a pending news release might be in developments. I say this based off the logical evidence that the company removed this known risk factor off the corporate presentation. You need to ask yourself why the company removed this risk for the public to see if it is still a very viable risk for the company. I suspect the facilities study is completed and to be released this month IMO, maybe 2 or 3 weeks away.

"The queue position is used to prioritize study work and allocate interconnection costs. The Study is expected to be completed on or beforeMay 31, 2014 and is estimated to cost in excess of $1 million to complete".

http://www.copperfoxmetals.com/s/NewsReleases.asp?ReportID=577456&_Type=News-Releases&_Title=Copper-Fox-Enters-Into-Facilities-Study-Agreement-with-BC-Hydro-for-Schaft-...