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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: Question and Answer Elmer

Thanks for sharing your Q&A Curius,

 

You mentioned to Elmer that we thought the PEA was the step that would allows us to monetize SC.

He replied that it not only substantially increased the value of SC but it identified several project enhancements which could possibly increase the value.

I am not a miner but I wonder why would you need a PEA to identify possible enhancements. Could you not just phone some experienced smart people and ask them such a question.

Now more drilling is suppose to take place. That may also unearth minerals that will increase the value. Maybe that should of being going on before. If they find a good sample with this drill then maybe wait a year and drill another hole. 

 

>We were told that the pea was the step that would allow us to monetize shaft creek ??? (The PEA substantially increased the value of the Schaft Creek project and is not only a significant step toward increasing the value of the project, it also identified several project enhancements which if successful indicates the possibility of enhancing the project valuation. I cannot speak for what other people are saying or speculating as to a course of action. Ernesto (Copper Fox’s largest shareholder) stated at the AGM, the project interest is for sale but Copper Fox wants to get a fair value, to which I agree)  < 

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