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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: New Presentation
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Jul 08, 2012 05:57PM

Great presentation.

I think the negative 4cent Cu production cost may well be a calculation/model on BMO's part. There is enough rough info in the RE documents to get some good ideas about numbers.

I fooled around with my own spreadsheet and found negative copper cost wildly ranging from negative 40 cents to positive 30 cents. I like negative 4 cents but I think it will probably be revealed to be conservative at BFS.

BMO isn't going to vastly overstate something like that. They would feel the heat from any mine/miner on that list of peers if BMO was fluffing up Schaft Creek over their respective projects.

I like the depiction of of the next foreseable drills. Knowing where these drills are located can help build some idea of the significance of their results.

I measure the length of Mike zone to be very close to 1500 m from the 2012 RE maps.

I've been taking more time to enjoy the summer in between NR's but I think I'll have to keep an eye out for news Monday or Tuesday. We are backed up on news from the Aerials, Mira and potentially some core assay since one has been drilling since early June.

jmho

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