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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: Clarification on Liard

Michael says that Liard and the build agreement is a "minefield of legal issues here with no easy answer." However he said we would own about 80% of Liard after we have produced a positive feasibility study. (Not just Liard's indirect holdings as I thought. At least he didn't put it that way.) So if we owned that much of Liard itself then we could change agreements in our favour down the road maybe.

Also, they apparently have a regularly scheduled project review coming up where timelines will naturally be discussed. If any changes are forthcoming they will make an announcement. (I asked about the BFS being on schedule for the end of the year. I know Michael has told people it could be early January while Elmer has maintained it will be end of 2011.)

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