Copper Fox Metals Inc.

i dont think we will miss it, copper is still under 3 bucks, by end of the year copper should be low 3's and more interest will flock our way

I don't know about that since we didn't get any interest when copper was at $3.50 plus and gold north of $1,500. We need a completed feasibility study before a sale can be contemplated so say the FS comes out in the summer of 2016 (I think this is optimitic even). Then Ernesto can start shopping for bids. That will take quite a while imo before the ROFO can be laid on Teck. Then I beleive Teck have several months to ponder. We are now looking at 2017 before we test Teck's interest in our 25% with a ROFO.

If a production decision is announced at some point after the FS is ready, then it will be too late to perform any significant work on the project in 2016. So then they would start works in June 2017. With a five-year build, that places a production start date of June 2022. This is six to seven years late for the anticipated copper supply deficits. A little late to the party, don't you think?