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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: Brass tacks....
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Ah yes... The outdated "article" you refer to dated July 27, 2011... http://www.bus-ex.com/article/copper-fox-metals

Direct quote from that article..."Stewart should know. He’s been in the mining business for 30 years, holding the position of QP (qualified person) and in this time has helped bring on stream five different gold mining operations. “Even assuming that we could raise that much money alone,” he says, “it would leave the company highly exposed in the event of a market downturn. I already have the board’s agreement that selling our interests is the best course of action.”

But to be fair, perhaps we should also take into consideration the following News Relases from CUU after that July 27, 2011 date

March 27, 2012 Copper Fox Completes Land Acquisitions Covering Positive Magnetic Lineament at Schaft Creek Property
March 19, 2012 Copper Fox Updates Activities on the Schaft Creek-Copper-Gold-Molybdenum-Silver Project
February 28, 2012 Copper Fox Reports 2011 Annual Financial Results and a Corporate Update
February 16, 2012 Copper Fox Locates a New Zone of Copper Mineralization 1,200M North of the Known Schaft Creek Deposit; Drilling Extends the Paramount Zone to the South With an Intersection of 0.56% CuEq Over 324M
February 03, 2012 Copper Fox Announces Drilling Intersect of 0.96% CuEq Over 110m and Reports Metallurgical Testwork Results
January 30, 2012 Copper Fox Announces The Closing Of $2,200,000 Financing By An Insider
January 23, 2012 Copper Fox Announces The Issuance Of 1,272,727 Shares For Outstanding Debt Settlement
January 18, 2012 Copper Fox Announces a $2,200,000 Private Placement Unit Offering Insider Commits to 100% Participation
January 13, 2012 Copper Fox Announces Shares For Debt Agreement
December 14, 2011 Copper Fox Announces the Closing of $4,000,000 Financing by an Insider
December 12, 2011 Copper Fox Drilling Expands Paramount Zone with Intersection of 1.10% CuEq over 65m, and Updates Corporate Activities
December 05, 2011 Copper Fox Announces Increase of $2,000,000 to previously announced Private Placement Unit Offering. Insider commits to 100% participation in the Offering.
November 17, 2011 Copper Fox announces a $2,000,000 Private Placement Unit Offering. Insider commits to 100% participation in the Offering.
November 15, 2011 Drilling Intersects 0.91% Copper Equivalent over 387M at Schaft Creek
November 01, 2011 Copper Fox Announces the Closing of $2,000,000 Financing by an Insider
October 18, 2011 Copper Fox announces a $2,000,000 Private Placement Unit Offering.
October 17, 2011 IP Survey Significantly Expands Potential and Locates Potential New Zone at Schaft Creek
October 13, 2011 Copper Fox Secures Shipping Facilities for Concentrate at Port of Stewart for Schaft Creek Project
October 03, 2011 Copper Fox Announces the Closing of $5,000,000 Financing by an Insider

Having taken the information from the above news releases into consideration, do you still feel Elmer will now/still stand behind what you quote him to say ..i.e. "I already have the board’s agreement that selling our interests is the best course of action.”

Just askin'...

Regards...

Guy

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