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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: Third party representative/negot...

No, I don't think Jim Gray is a negotiator. That would be a company that we have never heard of before that wields pencils and calculators and are impossibly young and wear cutting edge suits. We'll probably never know who they are, or maybe only after the deal is offered publicly.

Jim Gray has a company that does complex mine planning, including start-ups. He's the sort of person who could take a finished Feasibility and go ahead and organize the trucks and personnel and start to get the thing going. From his blurb, "Jim was involved with the Quebrada Blanca project in Chile from original conceptual planning through resource development, financing, and start -up and productions reconciliation for non-recourse funding conditions." Just the sort of person you need to build a mine from scratch.

He did our last mine plan and is already up to speed on the area and the challenges. If Wardrop was short-staffed then it makes sense to get someone in who can do the job, and, in fact, has done the job in the past. He has also been Teck's man-on-the-ground for start-ups so he would be well-versed in the whole operation if it were to go forward. It couldn't be more ideal.

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