These big decisions are based on long term perspective (10-15 years from today).

Listen to Don at the 2011 PDAC:

http://watch.bnn.ca/commodities/march-2010/commodities-march-9-2010/#clip429558

Don Lindsay looks at the copper supply and grades over the last 10 years....

Then he looks at the copper demand trend.....

Then he looks at the futur demand....2020.....

Then he looks at futur 120 TPD projects coming on line...

Schaft Creek is in his backyard and has 4 metals....they can get 75% of it for under 300 million..They will secure it or someone else will.

They can make the offer they want...but our insiders own 64%...

The info below is from the Teck copper presentations:

* The cost of mining copper is on the rise, up 232% since 2000, with the rise of the byproduct credits (gold, silver, moly) cost of mining is up 130% since 2000.

* 90th percentile cost estimate for 2011 is at $1.90 a pound....up from $0.65 a pound in 2000

* Average C1 cash cost of production is $1.14 / lb , up from $0.49 / lb in 2000 (Remember CUU 2008 cost is NEGATIVE 32 cents / lb)

* Capex per tonne is increasing.....yet CUU is saynig it will go down or stay the same as in 2008.

* Copper grades are falling strong each year since 1980 and are projected to continue to fall : target="_blank">http://agmetalminer.com/wp-content/uploads/2010/09/copper-grade.jpg

* Since 2003 Prodction projections decreasing and disruptions are continuing ...6-8% a year of loss. They are lossing 1 million tonnes a year of copper.

* Chinese copper Imports are trending up since 2004, up from 200 thousand tonnes to 600 thousand tonnes

* Keep in mind that Copper wire rod production makes up 55% of the global demand.

* Chinese wire rod production will grow an average 8% to 2016 based just only currently planned wire production plans.

* 4 new wire rod mills are planned to come on stream next year in China adding 1.1 Million tonnes copper capacity

- Decline in America

- No growth in Europe

- Strong Growth in the Middle East and Africa

- Strong growth in India, Thailand and othe parts of developing Asia

- 5.3 Trillion 2011-2015

- 2.75 Trillion in new power plants

- 2.55 Trillion in new power grid construction

* China wants to link all cities over 500,000 population , by increasing high speed rail by 45 000 km

* China to invest 95 BILLION by 2020 in electric car infrastructure

- Plans to sell 1 million EVs by 2020 and have 40 million new nergy vehicules on teh road by 2030

New markets require new projects...and the mine supply is not keeping up with the metal demand.

...45 new projects are required at 150 Ktpa....only 30 exist today.