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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: Mira
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Sep 13, 2012 12:30PM
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Sep 13, 2012 01:49PM

Sep 13, 2012 01:53PM
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Sep 13, 2012 01:54PM

I completely agree with Vette, Mira IS a big deal. It could demonstrate a lot of exploration potential or very little (Bigger buyout or not so big).

I think it will show something that will be intriguing and be an invaluable guide to each and every drill from then on. look at what Elmer was able to do with the Titan alone!

On top of that, Mira is holding all of our 2012 geophysics (2012 &11 Aerials, Titan type work to date and drills). I think Mira will be the picture of what the District looks like. I see it as the 'curb appeal' at the very least!

We've shown that Discovery is mineralized. Done. Maybe a few more holes will give us a fuller length, breadth and depth. Mira probably already (or will) shows this quite well.

Mike is still a questionmark wrt drilling despite our attempts. ES and GK remain untested as well. Mira should be able to help determine where or whether at all to drill. Remember that there are some 30+ targets mentioned in the 2012 RE that remain mysteries.

Yeah.. I kinda think it is a big deal.

The market is still waiting for something. I've been away (off the grid) for over 2 weeks and other than a couple of spikes, we are pretty flat for volume and price in that period. Daily volume is only up about 100k from a month ago. Only 14 days till end of September. Only 11.5 trading days!!! The green candle forming today is looking fine though!

I left thinking that a deal was looking pretty solid but the switchup with the drilling upset that notion. I still don't understand the logic of shutting down camp for a matter of weeks - especially as the snow approaches. Starting and stopping a camp involves a fair bit of time and $$ too. To me, a lost month of a short drilling season is bizarre.

I think everyone is largely locked in - or should be given the imminent BFS. The only real catalyst before BFS and Teck's backin declaration is Mira.

As for the water situation in Arizona. Yep water is a huge deal and a deal breaker. However, I think both properties are proximal enough to existing operations that any mineable deposit entertained there would be easly sold to the existing (and depleted) operations next door currently supplied with water with little, if any, net water need. Cuu is an explorer not a miner. It seems that simple to me.

As for properties... does anyone know what CUU has done with the Jay/Scotch (CJL) properties it optioned earlier this summer SW of Schaft Creek?

GLTA.


Sep 13, 2012 02:46PM
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