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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: MERKEL

I am not that worried about the large macropicture per se, but rather for the potential that this mess could give some of the majors, like TECK, to use it as a barganing chip when negotiating a buyout. In other words, using the near term economic crises to get a better (cheaper) deal. Fortunately, I think, we got EE with a lot of cash flow (based on his PPs) so we could just ride it out.

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