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Gold/Mining/Energy : Copper Fox -- Ignore unavailable to you. Want to Upgrade?

To: xwolf who wrote (10520)	7/3/2018 11:59:45 AM
From: louel	Read Replies (1) \| Respond to of 10654

Quite a statement here. I edited out the Van Dyke mention as I believe Shaft creek is the main focus of most invested here. The BC NDP which is only in power because of the Greens have already denied mining permits. And are very slow walking others. They don't mind the monies spent on exploration but do not favor the sight degradation associated with the actual mining process. I doubt there will be much progress till a more business friendly government is back in place. The NDP & general working population wants jobs but are against anything which makes it easier for companies to provide them. Recently levied a new 2% payroll tax on corporations in order to grant free medical to the rest of the Provinces population. Canada is now finding it harder to attract investment to the country. Loosing competitiveness on the World stage. C&P "Conditions and other factors. As a result, it is possible that actual capital and operating costs and economic returns will differ significantly from those currently estimated for a project prior to production. Any of the following events, among others, could affect the profitability or economic feasibility of a project. Unanticipated changes in grade and tons of ore to be mined and processed, incorrect data on which engineering assumptions are made, availability and costs of labor, costs of processing and refining facilities, availability of economic sources of power, adequate access to the site, unanticipated transportation costs, government regulations, (including regulations with respect to prices, royalties, duties, taxes, permitting, restrictions on production, quotas on exportation of minerals, environmental), and force-majeure events and permitting. The actual results for the Schaft Creek project could differ from current estimates and assumptions, and these differences may be material. In addition, experience from actual mining or processing operations may identify new or unexpected conditions that could reduce production below, or increase capital or operating costs above, current estimates. If actual results are less favorable than currently estimated, our business, results of operations, financial condition and liquidity could be materially adversely affected. Joint Ventures Copper Fox participates in a joint venture with Teck on the Schaft Creek project. There are risks associated with joint ventures, including: ? disagreement with a joint-venture partner about how to develop, operate or finance a project; ? a joint-venture partner not complying with a joint-venture agreement; ? possible litigation between joint-venture partners about joint-venture matters; and ? limited control over decisions related to a joint venture in which Copper Fox does not have a controlling interest. Securing Additional Funding to Bring the Ore Body into Commercial Production The business of mineral exploration and extraction involves a high degree of risk with very few properties that are explored ultimately achieving commercial production. As a mining company in the exploration stage, the future ability of the Company to conduct exploration and development will be affected principally by its ability to raise adequate amounts of capital through equity financings, debt financings, joint venturing of projects and other means. In turn, the Company’s ability to raise such funding depends in part upon the market’s perception of its management and properties, as well as metal prices and the marketability of securities of speculative mineral exploration and development companies. There is no assurance that the Company will be successful in obtaining the required financing. COPPER FOX METALS INC. Estimates of Mineral Reserves and Resources may not be Realized The Mineral Reserves and Resources estimates contained in this MD&A are only estimates. No assurance can be given that any particular level of recovery of metals will be realized or that identified resources will ever qualify as a commercially mineable or viable deposit which can be legally and economically utilized.