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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: Supporters rallied today

Pretty clear who supports it and who plays it. Monday might be a bit early for more support but it may come anyway. I would think Wed. Given where I think we are in the process I would be surprised not to see a run up.

I think the co is dissapointed with the reaction. They probably expected us to sustain $1.30. Then only a little push would get us into option territory. I would expect EE not to be concerned and he probably would fund a 2 million short fall with another pp in the same range.


Jun 01, 2012 06:06PM
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