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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: Worst Case Scenario
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Oct 12, 2014 10:57PM

You were suggesting they had to do a FS before the production decison. I don't believe they have to do that according go the JV.

Also, in practical terms, nobody would care what the JV says if they want to make a positive production decision.

They might choose to improve the current FS. I guess it would depend on the sort of changes that were necessary. They can update the figures simply enough.

They could delay for this reason which is exactly what I said initially: Short of that, I guess the worst case might be some sort of delaying tactic. They might say they are going to update the FS.

http://agoracom.com/ir/CopperFoxMetals/forums/discussion/topics/624858-worst-case-scenario/messages/1958780#message

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