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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: BFS

In my earlier post to MES I asked if anyone knows for 100% that none of the new drill results will be included as part of the BFS release. When I say 100% I mean did someone from CUU management said so. My questions were kind of scirted, no definitive yes or no. The reason that I am bringing this up is that after reading the August 2011 NI 43-101 TR again, I started to think why would they have said that the FS would include an UPDATED mineral resource estimate and mineral reserve estimate if they were not planning to add some new drill results - please see the bold section below.

1.20Feasibility Study

In early 2010, Copper Fox retained Wardrop, the main contractor for the feasibility study, and Knight PiƩsold Ltd. and Stantec Consulting Ltd., to complete the feasibility study on the Schaft Creek deposit. The feasibility study will include an updated geological model, Mineral Resource estimate, Mineral Reserve estimate, revised capital cost and operating costs estimates and other technical, socio-economic and financial aspects related to the feasibility study. The study is planned to be completed by the end of 2011.

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