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

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.

I totally agree Cbew. This thing is a done deal. CUU management has said repeatedly that they want this this completed. And Teck is currently drilling the GJ copper-gold project with NGEX to earn up to 75% of that project by spending $44M on drilling. Teck can double up the drilling at Schaft Creek & Paramount to make this project much more desireable. (The GJ project is close by.) While Teck waits for the NTL to be complete they can drill up the aerials/surveys. Badda-Bing we are sold by the end of Feb. Maybe even by Monday ;)

http://www.marketwire.com/press-release/ngex-update-on-gj-copper-gold-project-2012-exploration-program-tsx-ngq-1693790.htm

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