They could have stated that copper costs went from negative to $1.15 a lb because of the inferred being classified as waste plus ficticious removal costs but didn't bother so the share price collapsed.

I don't believe they could have stated things in just this way because of the 43-101 regulations. They can't offer a nudge and a wink and say that really the cost is $.60 a pound or whatever.

They did say this, The Feasibility Study recommends diamond drilling to determine the extent to which the 171.16 million tonnes of inferred resource that lie within the proposed open pit, now treated as waste, can be upgraded to either a Measured or Indicated Mineral Resource. If successful, this would categorize this rock as a revenue generator.

They also said this, Within the pit shell there is a total of 171.16 million tonnes of inferred resource grading 0.25% copper, 0.018% molybdenum, 0.164 grams per tonne ('gpt') gold and 1.58 gpt silver which for purposes of this study must be treated as waste rock;

They also said this, ...Copper Fox undertakes a diamond drilling program at Schaft Creek with a goal to determine the extent to which the 171.16 million tonnes of inferred resource, that lie within the pit shell, can be upgraded to a Measured or Indicated Resource. To the degree such a program is successful it will remove the affected material from being categorized as a rock removal expense to an ore bearing material and as such, a revenue generator;

I think they did say it over and over again but the only statements they made that counted were the bottom-line figures.