Copper Fox Metals Inc.

Nothing very exciting, new or even positive but here it is.....

'Copper Fox Metals (OTCPK:CPFXF) seems to have switched plans by reducing the focus on Schaft Creek and has delivered a first Preliminary Economic Assessment on its Van Dyke copper project in Arizona. At first sight, the economics look pretty good with an initial capex of $204M and an all-in sustaining cost of $1.44 per pound of copper. However, the base case scenario used a copper price of $3/lbs, which is almost 50% higher than the current spot price. If you would apply the current copper price to the project, the post-tax NPV would take a nosedive from $150M to less than $100M. Additionally, the recovery rate looks quite high (68%), so it will be very interesting to read the final technical report.'

Edit Sorry, forgot the full link

http://seekingalpha.com/article/3722396-resource-sector-digest-china-continues-to-import-a-massive-amount-of-physical-gold?ifp=0&app=1