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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: Investment after CUU
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Jan 01, 2013 02:46AM
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Jan 01, 2013 10:35AM

Looking at some local plays for future investment. came across this one, Canstar Resources ROX-V.

This one is interesting, 50% co-venture with Xstrata on the original Mary March play, with a 100% interest in an adjacent 850 hectare parcel.

They've just completed an 8 hole drilling programme, perhaps they're trying to line up a NI 43-101 compliant report in the future. Either way, I see potential for a SP pop on the drill results if good, also potential for a longer-term hold. They have other interesting plays in Ontario and near Goldcorp's Red Lake mine (Slate Bay).

DYODD, but something else to look at whilst we wait for the next move on the the CUU/Teck chess game :)

Cheers

Max


MES
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