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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: News on Elmer's BXX!

Jan 12, 2012 08:21AM
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The company did state that the results were enough for Teck and could stand on their own.

3. The drill results suggest that we have anywhere from 300-500 thousand (napkin calculations by the retail) more tonnes. Are we in a position to maximize shareholder return or do we need to consider delaying longer to prove this up? What do you think is best?

A.It is enough data to make it an acceptable negotiation point with Teck. Teck is most pleased. You could look at it as being 2.5 to 3 billion in revenue. Going back to 408 this new data included make the total size far greater than our napkin calculations. Essentially, we could be doubling the starter pit. (My words)

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