Copper Fox Metals Inc.

Re: "We will continue to review options for advancing the project as market conditions evolve. "

I understand why many/most people are frustrated with Elmer and the management.  I do agree with much of the frustrations especially as I feel that have been stuck with a handicap BFS for over 3 years. 

However, I feel that much of the frustration vented at Elmer is really a frustration of the market.  There is nothing Elmer can do about low copper prices which is slowing down spending for pretty ALL mining companies.   Thus the upswing in copper prices is so good to see - it gives intentive for Teck to look move forward.   Yes, we have been tied to Teck as the operator but they are still spending money on the SC project - even the low $800,000 spending for this year is not that far off the amount that CUU raised by issuing more shares this year.  Just a bit of prespective.  I think there is good reason for optimism even if it isn't "soon".

I also like seeing the visible 2016 inventories numbers going down over the past few months.  The total inventory is now down for the year.