Copper Fox Metals Inc.

It would take 1-2 months (the coming season)....to drill the 10 shallow infill holes in the Liard zone. The infered would be upgraded to M&I. And we know what that would do to the Feasibility numbers.

The RE and BFS would be upgraded in a flash since they're using the same pit plan.

They would also improve the metal recoveries.

And let's not forget that not only does the 10-shallow-holes drilling add a massive amount of pounds-in-the-ground revenue it also eliminates cost of waste removal. This quick and easy enhancement is the basis of the BFS engineers call for a 180,000+ tons per day mill rate. That's an automatic 35%+/- bump on NPV right there. Multiply all that by higher recoveries and a faster start up that the BFS engineers suggest and the NPV jumps dramatically.

By the way, 3-year average metal prices continue to rise, so further delays only increase our pounds in the ground value...

JMHO