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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: Please help me understand this as succinctly as possible.

Except that the BFS is a very material document to the overall worth of the Company. Not sure why we are speculating on the release/no release. We have a professional, no nonsense management team. Mike made it very clear in the summer that if the BFS was substantially complete when an offer came in, they would release the BFS to the shareholders. Remember, any offer has to be voted on by all the shareholders (not that non-insiders probably matter in the vote) and the BFS has to be provided to give all shareholders an idea of the minimum value of the Company so we can decide if the offer to purchase is fair. I don't believe management would go forward with an offer which stipulates no release of the BFS. I doubt our lawyers would allow it.

Which means if a 100% take-out offer is accepted subject to shareholder approval, the BFS comes out and the Big Players get to see the BFS and consider whether a counter offer for at least 25% or more of CUU plus all the 100% owned lands, Mess Creek and the Liard shares plus putting a price on the 2KM lands that have to be offered to Teck is a reasonable gamble to take. If a substantial counter offer were to come in before the shareholder vote, do you think the insiders might not consider it?

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