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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: OK Folks...
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May 25, 2012 02:38PM

I don't want to be a wet blanket - and I hope you're right - but as a friend reminded me of today, there has never been a formal news release that promised we'd see it by the end of May. I'm trying to play the devil's advocate. It was always supposed to be during the second quarter, which could be anytime before the end of June.

I'd like to hope for the best and prepare for the worst. I've gotten my hopes up in the past only to be disappointed, so I'll believe it when I see it, even if you've been told informally that it'll be by the end of May. It may sound paradoxical, but I'd believe it more if it was put in a news release. That is, I think management would feel more obligated to meet that deadline if they'd made the promise in print. I don't question what you've been told or your credibility at all. I'm just once bitten, twice shy.

In any case, we're going to have an exciting few months, and I think everyone is salivating to see the RE and BFS. I feel quite confident that we'll all be well rewarded.

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