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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: BFS/Teck approval
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BFS
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This is from the contract. They have to agree in writing before the report is prepared but do not require Teck to sign off after it is completed. It makes sense, however, that if Teck is interested in opting in for any percentage that they have a great deal of interest in the Feasibility that will be shown to the market, their shareholders and their financial partners. It just makes sense that our management and that of Teck work together to craft the report so that it shows the future potential of this mine in the best way possible. Assuming at this point that Teck is aware of what the results are going to be, and have an idea of what they are going to do, they have a great interest in making this look like a huge and profitable property so they can sell the deal to their shareholders and acquire financing.

"If, prior to commencing the preparation of the report Salazar and Teck Cominco
agree, in writing, on the cost assumptions, economic and technical parameters and
discount rates to be used, the report will be considered to be positive if it indicates
that production from the Property would generate a NPV, hereinafter defined, of
at least $1.00."

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