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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: The plan
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Aug 21, 2012 04:47PM
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Aug 21, 2012 05:23PM

Aug 21, 2012 05:46PM
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Aug 21, 2012 05:48PM
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Aug 21, 2012 05:52PM

Aug 21, 2012 06:03PM

I think you've answered your tough question Todor777.

My understanding of a 'plan' was to prove up the district and we heard a lot of commentary from the company that drills are needed to confirm mineralization. That was the "Longs" plan anyways ;)

The official plan was the Aerial and Titan surveys, Aster, and Mira and two phases of drilling. We are close to the end of Phase 1 drilling. If you include some of the effort involved in the lost drills maybe that is it for Phase 1. Phase 2 was to follow up with another 5km of core based on our secret surveys and now stopped drills.

I can't see mothballing camp for the few weeks/month (??) it might take to have an extra good look at Ph 1 with the Mira stuff and decide where to drill next. Cuu has had a lot of that info for a while now.

Cessation of CUU drilling of any of a couple of dozen targets on our 100% owned property (in and out of the TCK agreement areas) tells me that it isn't up to us to drill any more. Elmer is in that sweet spot of having good, sizable targets to hit with good confidence and add substantial value. There's no way he'd be waving off the drilling if it was his say.

I think the next half couple of decades of drilling up those zones is looking like someone elses' project.

jmho, dyodd

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Aug 21, 2012 08:43PM
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Aug 21, 2012 09:00PM
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Aug 21, 2012 09:20PM
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