Copper Fox Metals Inc.

It's a good sign indeed but does not give us indications about the ''WHEN''..

I think the loan to Caramax means that CUU is expecting some money coming their way in the next few months (either a TECK production decision, or a VD sale or a Sombrero JV). It doesn't make sense to loan money to someone that you would need to borrow from somewhere else down the road.

By loaning to Caramax, CUU is trying to protect and/or increase their share in the project without having Caramax go to market for money (which would dilute CUU share). CUU would not prevent Caramax from diluting just so CUU could do it themselves a few months down the road. It just doesn't make any sense.

Imo, CUU is confident some money will come in their piggy bank within 3-6 months.