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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: Sooner than later
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Jun 07, 2012 01:39PM

Yes, why not have take advantage of economy of scale in an environmentally friendly district?

That's why I agree with Chappy (and others) that we need 4+ drill holes in each of the targets. If they have not started drilling yet (thanks Prospekt) then the earliest results will be going to the lab would be mid-July? I don't think we'll be seeing any drill results back until end of August or early September ... hmm ... right around the time Elmer mentioned the BFS being done.

I'm fine waiting until October or even November if it means hitting good grades (i.e. 2011 type grades) on new targets and ratcheting up our values significantly. Can't believe I'm saying that, but we need drill results to get the value.

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