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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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Negative article on us over on Seeking Alpha this morning. Like it or not, explains some of the sentiment out there. Excerpt: These grades are pretty decent, but the mineralization is located quite deep as the intercept the closest to the surface started at a depth of 250 meters, whilst the 144 meters of 0.38% copper started at a depth of in excess of 450 meters. The total historical resource estimate at Van Dyke's oxide zones was 119 million tonnes at 0.52% copper for a total copper content of approximately 1.2 billion pounds. Even though it's encouraging to see the historical copper intercepts being confirmed, I'm still not very keen on Copper Fox as its flagship project in Canada definitely won't be a slam-dunk. After the most recent acquisition of Lumina Copper by First Quantum there seems to be again an appetite for large-scale copper projects, but the economics of for instance Western Copper (NYSEMKT:WRN) look better than Copper Fox' studies, so I don't think Schaft Creek tops a lot of lists at this moment.
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