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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 Q1

Feb 10, 2012 08:48AM

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Since Jan 7 we've got word that the study is done. They did reshape it a bit because of improved economics and had to account for some costs that did go up. They wanted to tighten a few other things down because this is the final hurrah. Elmer said only 4 people needed to chime in with their parts. I suspect we are under review now. That means it could come within a week with the full document on SEDAR in 45 days.

This is a bank document. That's it's primary purpose. Remember they prepared the mini and will have the Annual updated like clock work from here on in. These things are happening now for a reason.

Perhaps Vette will tell you about why we are a chip in a big game that's begining to heat up. Just bear in mind that Teck started to fatten up 6 months ago. So it's not like this was not foretold. We are seeing 20 billion on the balance sheets of some of the companies. There's only 1 reason for them not returning it by dividend.


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