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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: Edmonton Journal
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My biggest concern for Schaft Creek is that the tight labour market will significantly increase the capital costs shown in the Feasibility. Take a look at how the capital costs of the 60,000tpd mine at Mount Milligan have jumped lately:

2009 - $915M

2011 - $1265M

2012 - $1450M

Nothing can sink the Schaft Creek project faster than a jump in capital costs. I'm really hoping that management can keep capital costs between $3.4B and $3.8B.

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