Hey everyone,

Not sure if this has been brought up yet, but my understanding from the FS was that part of our expenses under "infrastructure" included the building of a 287kV power line from Bob Quinn (1). I believe that in December when the FS was released, we were still waiting to hear back as to whether or not we were secured a place on the NTL. Consequently, we had to include the cost of building the power line as one of our expenditures.

A post popped up a few days ago stating that Shaft Creek has been confirmed as one of the mines that the NTL will supply (2). I'm assuming here that BC Hydro will be the one developing and paying for it.

Does this essentially mean that our costs have now been reduced (and thus ultimately increasing our NPV?) If so, does someone mind doing the math to see what kind of new numbers we get considering we don't have to pay for this power line anymore?

I have no background in this stuff whatsoever (I'm in healthcare) so any attempt I make and numbers I throw out will probably be off anyways.

Sources:

1. http://www.copperfoxmetals.com/s/NewsReleases.asp?ReportID=563341&_Type=News-Releases&_Title=Copper-Fox-Announces-a-Positive-Feasibility-Study-on-the-Schaft-Creek-Depos...

2. http://www.journalofcommerce.com/article/id54128/--construction-expected-to-lead-growth-in-british-columbia