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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: RE 2012 calls for 2 further exploration phases

My opinion - I think they are charging ahead on the BFS.

I agree 100%. Elmer said at the webenair that it will be full speed ahead for the BFS. They have delayed it enough times already and further delays erodes their credibility and also OTHER interested parties. The RE was one month early and I believe they will deliver the FS early as well.

Part of the reasons for delays last year was shortage of manpower on projects, long delays at assay labs etc. This was due to the record amount of money being spent by other junior exploration companies. This year we do not have that problem because the amount of money raised by the junior exploration sector is half of what it was last year ( due to market conditions ).

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