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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: Latest PP
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Dec 05, 2011 10:08AM

Dec 05, 2011 10:12AM
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Dec 05, 2011 10:35AM

Dec 05, 2011 11:09AM
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Dec 05, 2011 11:23AM

Dec 05, 2011 12:26PM

So the NR states that the funds will be used for the BFS.

Would the funds for Wardrop to complete the BFS be in place already?

So why do we need additions funds?

- To pay for the 4th drill?

- The deposit has been expanded and so we need to update the RE.

- We have added silver to the RE aswell.

- The scope of work for the BFS has changed since the original contract. Wardrop needs more money finish the BFS.

Where else ?..................$4M

Any other thoughts?


Dec 05, 2011 02:32PM

Dec 05, 2011 02:37PM
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