For all the frustrations that we've felt over the past little while with the lack of information, it would be good for us all to remember what Elmer has always been working towards. Yes, this article was from last year, but I don't see Elmer varying away from this approach unless it is in a direction that takes us further into the positive. Teck gave us what they considered to be an ugly duckling. Never forget that! No one gives away a "beautiful swan."

http://www.bus-ex.com/article/copper-fox-metals

some Highlights:

"“Teck knew there were deposits in the area,” says current CEO Elmer Stewart, “but it was considered low grade which, coupled with the lack of electricity in the region and the high cost of diesel generation, made any mining operations less than appealing.”

...

The economics surrounding Schaft Creek are based on earlier pre-feasibility studies done by previous owners and frankly were not that encouraging. But Copper Fox has always had faith in the property

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Worldwide, operational copper mines have an average grade of around 0.46 percent copper. At Schaft Creek, the pre-feasibility study indicated a grade of 0.32 percent—hence the previous lukewarm response. But this was a figure based on findings across the entire site and calculated on a projected mine life of 30 years. Stewart’s approach is how best to maximize short term returns by maximizing the cash flow from the mine over the first ten year period. Doing it this way and by concentrating on selected zones where much higher grades (essentially a starter pit) of 0.7 to 0.8 percent copper equivalent have been found, a much shorter payback period appears feasible.

The mining operation would be a conventional, open pit feeding standard flotation recovery plant. The plan is to produce two concentrates—one exclusively for molybdenum and a second for copper, gold and silver. Initial throughput of the mill is expected to start at 120,000 tonnes per day which could be jacked up to 180,000 tonnes if necessary.

No great distances are involved—one kilometer, say, to the crushing station and then 3 km of conveyors to the mill and processing plant

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Stewart should know. He’s been in the mining business for 30 years, holding the position of QP (qualified person) and in this time has helped bring on stream five different gold mining operations

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In the meantime, Copper Fox is preparing the necessary licenses and permits for whoever it may be who takes the ball and runs. But whatever the future brings, the geologist in Stewart is sure that Schaft Creek will have a long and productive future. “This area has all the hallmarks of an emerging porphyrydistrict and deserves more interest than the previous ‘low grade’ image it has had.”"