Copper Fox Metals Inc.

He said his firm scanned the world over and found that the opportunities for undeveloped assets are “just not out there,” he said. “At least not anywhere we’ve looked.”

A week ago, Francis McGuire of Major Drilling Group International Inc. made a similar point in an interview with the Globe. "A couple of my directors are mining executives and they say it is all about reserves dropping," he told reporter Gord Pitts. "And nobody cares about the price next year, but everybody is thinking about prices in 2018-2020."

There is a point in the article that I failed to highlight in bold. I have underlined it above.

This is a VERY interesting perspective and peak into the minds of mining executives right now. The scarcity IS REAL so they are ALLcalled to action, they are on high-alert for any new reserves, AND they are willing to buy with 2018-2020 prices in mind!! THAT is a HUGE statement with respect to getting defendable higher valuations for the last big reserves and in the face of increasing supply/demand imbalances over the next ten years.

HOLD TIGHT FOLKS!