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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: Re: Copper Fox Announces a Positive Feasibility Study on the Schaft Creek Deposit

IMO this is all part of the deal between Teck and CUU i.e we will drill and prove up SC further in 2013 for Teck, perhaps under a new agreement.

Imho, most likely not as Teck now has a limited time frame to make a back-in decision or complete buyout. They will most likely drill further to define this area themselves after buyout so they will not need CUU.

Imho, Teck probably has a good idea what this rock is worth. We have done limited drilling on this but also have done alot of aerials, magnetic surveys etc to prove 1:1 correlation. Imo, this will be enough for Teck to figure out what a fair buyout value is. We will be taken out in the next few months imho. Cuu is finished with SC.

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