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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: Using Highland Valley's 2010 Cost as a Benchmark to est. Schaft Creek's Profit

Excellent info. I think there are two things to consider that will change the numbers somewhat:

1. I think Schaft Creek will have a mill rate of around 180,000 tpd, not the 120,000 tpd you used with your numbers.

2. I think the feasibility will show a higher grade than the Resource Estimate. For comparison, the old Resource Estimate showed a M&I copper grade of 0.25% but the PFS showed .301%. This might not sound like a big difference, but its actually 20% more copper production.

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