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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: NOVEMBER

November maybe our BIG month. BFS is due November 15th based on Vette's internal tetra tech schedule. If that is true, hopefully it can be released publically or privately for buyout discussion. If no agreement is made by Dec I fear this may drag out for another 120 days post BFS. Furthermore, the European Debt crisis will drag into the end of November until a final decision on the $1 Trillion is made. I see no option. But for Europe to agree to a bailout. Otherwise the entire EU is and Euro Dollar is in danger. Either way NOV seems to be the turning point.

While markets clamor for a signal that the euro area will devote 1 trillion euros or more to combating the crisis, the EU won’t be able to produce a number until late November, the EU official said.

http://www.bloomberg.com/news/2011-10-26/european-summit-talks-on-greek-debt-relief-at-impasse-on-bondholder-losses.html

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