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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: My observations
8
Jul 08, 2012 02:14PM

* They're already currently drilling all the zones...proving a District.

* We could get those assays pretty soon as I hear the labs are not busy.

* The precision geo survey must be in hand, and they admit that the Mike zone extends 1500m...(Does Elmer want Feasibility out before he starts showing the extra potential....)

* I'm told that Mira is an amazing comoany and works magic...they must have received the 2010-2011-2012 data.....can't wait to see the final District map.

* Feasibility has to be very very close, I was told Mid-Late summer was a very conservative time frame..tomorrow July 9th already.

* We have 7.1 Billion pounds of copper, suppose it cost $0 (net of other metal credits paying for cost) and we use copper at $2.50

7.1 Billion x $2.50 = $17.75 Billion

Suppose Teck takes 75%, we are left with = 4.4375 Billion

4.4375 / 400 million shares = $11/ share

Using Copper at current price $3.40, we are left with 6 Billion..(Teck just raised 6 Billion) , giving us $15/share

Note this is just for Schaft Creek (only 50% drilled)....Does not include:

* Teck financing and 400% expenditures

* Liard shares and control

* New land and other zones (Mike, GK, ES, Discovery zone...and the others they probably discovered recently)


Jul 08, 2012 02:44PM
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