Copper Fox Metals Inc.

Thanks Chappy, i briefly read over it and felt it was the same so I didn't say thing.

Remember somebody before was afraid that BFS comes first and updated RE comes after and that it would create a tight timeline for Teck?

If BFS comes out based on RE2011, and that RE 2012 would just be math to update it.

BFS based on RE2011 is worth less IMO. Only drilling from 2010 is in there.

Now, we are going to have the updated RE2012 first. Hopefully silver is in it. This is the COMPLETE value of what shaft creek is up to date.

BFS will be the most accurate. There willbe no uncertainties. You cannot say oh the 2011 drilling is not in there thus the premium.

We will have clarity of what's in Schaft Creek from all the years of drillling. We will have clarity of how much value the mine is worth.