PEA Recommendations:

A diamond drilling program to expand the size of the resource and upgrade the existing Indicated and Inferred Resources to a higher resource classification.

Proceed to the permitting stage to obtain an Arizona Protection Permit and the Underground Injection Control Permit for Class III Wells. 

Complete an ISCR pilot test program designed to further investigate overall metal recoveries, connectivity between wells, refine well field design, and determine the extent of rock stimulation required, if any. 

The total recommended budget is estimated to be $US15.5 million.

So based on the above, Copper Fox needs 19.5 million Canadian dollars!

This is money we don't have or even close to having in the treasury!

This literally means only 2 things! Which is exciting none the less!

1) Asset sale of VD (separate or in part connected to SC package)

2) Spin-off public company to raise this large amount of funds without diluting Copper Fox. Giving current investors free shares in new entity.