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CUU own 25% Schaft Creek: proven/probable min. reserves/940.8m tonnes = 0.27% copper, 0.19 g/t gold, 0.018% moly and 1.72 g/t silver containing: 5.6b lbs copper, 5.8m ounces gold, 363.5m lbs moly and 51.7m ounces silver; (Recoverable CuEq 0.46%)

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Message: Our Strategic National Asset

On vacation this week and finally had a chance to closely study the aerials, Titan 24 results and news releases or lack of them to date. I know Chappy, Vette, WG and others are way ahead of me and have far more expertise in this area but ..... now I'm not sure how this will play out. I think the the total picture is being supressed. It's all good, but ... I think this thing is huge! Chappy, you may be right. The recent Titan 24 results released don't show all that has been surveyed. When you look at the apparent mineral trends and then the September claims we picked up, I think Elmer has cherry-picked the mineral trend extensions that he could. The Titan24 survey results we have been shown don't cover those areas. I think he pretty much knew in March after the aerials what to go after. So where do we go with our"Strategic National Asset"

Knowing that we are different than most emerging resource companies because it is essentially a public company controlled by a billionaire businessman with a mining background, I think we could very well be around in whole or in part in the spring of 2013 as we get the results of the 40+ holes from the 2012 drilling season. And it will be well worth it. Forget $12. a share.

Teck has a real problem, because Ernesto is going to want to be paid a realistic price for unproven (but probable) pounds in the ground. Teck can't justify that to its shareholders. So CUU will have to prove it up. However, the Fox is rushing to get the BFS out and Teck will have to make a decision and what portion to take. However, if Elmer knows what we may have, then so does Teck. So I'm wondering if Teck will take the 75%, spin a percentage off to a partner for cash and a share of the mine construction costs, and leave CUU to prove up what it can in the district with its 2012 drill program. Then Teck & Co. can take out Ernesto at a more realistic price for its 25% of Schaft plus the value of the rest of the "district". That would provide the most value for Ernesto and could be justified to Teck shareholders. The increase in the share value will more than justify waiting another year. This "district" could be huge and I can't see Teck not wanting in.

The lack of drill results, the late Mine Plan. the apparent November completion date on the BFS, the incomplete Titan 24 survey info, the poor share performance after the "show and tells", the prospectus "intent to file" notice - I don't know - force Teck's hand on the Schaft deposit and then prove up huge value in the rest of the "District"?

Anyway, that's my two copper pennies. Now let's here from the nay-sayers.

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