Copper Fox Metals Inc.

i think we have far too many outstanding shares to warrant a $5 buyout, so my conservative guess for a buyout is in the low $2 area. which is still multiples above what the average insider bought their shares for.

My brother we`ll probably end up getting $4 for Schaft Creek alone.

Then add our interest in Liard.

Add our assets.

Add a premium for forward looking potential (a pity it wont be full price but it all adds up)

Add what will probably work out to a premium to ensure we dont go shopping our chunk around.

Add our 100% owned properties.

etc. etc.

Youre right.....CUU is heavily diulted, and I dont see any way we`re going to get over $7, but I also dont see any way we`re going to get under $5.

I can assure you though we`ll get a lot more than low $2 figures.

3-5x your money in the short term with low risk is a hell of an investment in my books no matter how you cut the cake.

Rogue,