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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: Why is it....... Golfyeti?

Jun 28, 2012 11:04AM
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Jun 28, 2012 01:39PM

Jun 28, 2012 02:01PM
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Jun 28, 2012 02:21PM

M.S., the original property in the Schaft Creek agreement was approx. 8500 Ha. if my memory serves me and we now have over 50 ha. all property within 2 Kl. of the original boundarys is, deemed to be property of mutual interest under the terms of the contract.

all property outside of the 2km boundary is outside of the terms of the contract, and owned solely by CUU.

If TCK wants all the property, including the land outside the 2km boundary, they will have to buy us out completely, otherwise, that's the land we're expecting to use for CUU2

If TCK backs in instead of buying us out completely, they will have to pay for the land that falls within the 2 km boundary, but how? if it's a negotiated price, and we want them to deal fairly with us, then we have to deal fairly with them, or, the cost of the land could be included in the approved exploration expenses,in which case TCK would pay 4X our cost.

One of the recent news releases reported, the lawyers are working on how to define the land that falls within the 2km boundary as, some claims will straddle the boundary line.

hope this helps.....chunky

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Jun 28, 2012 03:06PM
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Jun 28, 2012 10:27PM
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