I like the NR. Lots of generic stuff about finances etc. I don't see anything saying that there will or won't be another PP. At this point, what is another PP? Really.

CUU is still on message as far as the Q1 BFS date. Though I sense that it will be closer to the end of Q1 than say next week.

Elmer is offering up some not so subtle cues on the additional mineralization and high quality exploration potential at SC:

1) within Paramount and expanded Paramount (size of high grade zone of Paramount undefined)

2) to the east of Paramount ('leakage')

3) to the north of Paramount.

[snip]

Highlights

Schaft Creek - An Emerging Porphyry Copper District

The 2011 program demonstrated that the Schaft Creek property has the potential to host a number of porphyry style copper +/- gold-silver-molybdenum deposits. The intersection of significant copper-gold-silver-molybdenum mineralization located 1,200m north of the Paramount zone associated with a large Titan-24 chargeability anomaly and the intersection of copper-gold-silver-molybdenum mineralization in a geotechnical hole located 300m east of the Paramount in an interpreted "leakage" zone supports the mineral potential of the Schaft Creek property. These mineralized intervals in conjunction with the technical aspects of the Schaft Creek Mineral Trend strongly indicate considerable potential to host additional deposits at Schaft Creek.

.....

Quantec Titan-24 DCIP and MT Survey:

During the quarter, a total of 38.8 kilometres of a Titan-24 DCIP& MT survey was completed over an area extending from the north end of the Paramount zone to the ES zone (a distance of 3.0 kilometres) and an 800m long portion of the GK zone. This survey located large chargeability anomalies on the Mike, ES and GK zones and has extended the chargeability signature of the Paramount zone to the north along the mineralized corridor referred to as the Schaft Creek Mineral Trend.

2011 Diamond Drilling Program:

During the fourth fiscal quarter, four diamond drills worked on the Schaft Creek property collecting geotechnical data for the feasibility study and delineating the zone of higher grade mineralization in the Paramount zone. At the end of the 2011 drilling program, two significant aspects of the Schaft Creek project are notable, i) the size of the zone of high grade mineralization in the Paramount zone has not yet been defined and, ii) a new zone of copper mineralization that correlates with a chargeability anomaly approximately 1,200m north of the Paramount zone has been located. To provide an example of the potential size of the Paramount zone, DDH CF415-2011, located 280m north of the previous drilling on the Paramount zone, intersected a 582m interval of mineralization including a 67m interval that averaged 1.10% copper equivalent....