Copper Fox Metals Inc.

I guess that even though the JV is a great opportunity to move forward, I think that basically Teck is stalling on this project untill the macro picture looks better for commodities. This will happen one day but it could be a bumpy ride for a while.

The guise is their need for more drilling , so they say, but if metals were higher we would have been gone.

I also think that any purchser will wait untill they feel metals are moving up long term.

After all if the metals stall we could be here for a while.

Elmer has done well at increasing value and keeping us in the game but what can he do about Commodity prices,not much.