With metal prices climbing and Schaft Creek project being a Canadian operation/mine, the revenue is greatly appreciated by the exchange rates:

Silver- $U.S 16.20 convert into Canadian currency is $CA 21.22 an ounce

Gold- $U.S 1,260 convert into Canadian currency is $CA 1,650 an ounce

Copper- $U.S 2.15 convert into Canadian currency is $CA 2.82 a pound

Teck to date has spent nearly 18 million dollars on Schaft Creek in the last 3 years of development not including the 24 million to execute the JV agreement. Any resource development company would envy Copper Fox's position in these market conditions! Think about that while few corporations enjoy that kind of funding arrangement in this industry. Copper Fox is part of a few or handful of companies that enjoy this kind of spending on a project in these markets while many others sit idle as their projects do not advance because the cash treasury is empty with a poor financing environment in this market and time is wasted with management doing nothing to create shareholder value. Just another advantage we have over others, plus we have a billionaire in our corner and a major producing partner in Teck.