Many explorer's & small mining companies seem to be evaluated at around 10% of their NAV.  It's not any different for Copper Fox.  In the latest corportate presentation, our NAV was estimated at 0.92$ per share.

This value includes Schaft Creek at 128M (25%) or 0.025$ per share.  The rest is VD.  If Copper Fox and Teck are able to bring the Schaft Creek value up to 3B, that would mean our portion being worth 750M or 1.50$ per share.

At 10% evaluation, this would put our SP around 0.20$ per shares (0.15$ for SC and 0.05 for VD) where the warrants would be in the money and could bring in around 7M in the bank to advance VD and other properties.

MoneyK