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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: BFS Reviews

Sep 25, 2012 06:30PM

Or that our interpretation of news and what they meant were different things. They've, more or less recieved the BFS from TT. What's remaining is the economic stuff which is just plugging in numbers (can be done in days, and probably be intentionally "delayed" or "tweaked" right now). It's being reviewed "internally" (even though it's with someone else at the lead?) and by a 3rd party. It can't be reviewed unless it's, more or less, done. The difference is our expectation that it would be done and released - and what seems to be happening in reality i.e. it's done and being reviewed while having the technicality of "not being done" as it hasn't been signed off on and the economic analysis "isn't done".

If they wanted to appease us, they'd release some info. The mine plan. MIRA. Certain parts of the BFS that HAVE been done (it's a 3000+ page document, and some of it has been reviewed - they could if they wanted to, release part of that document). They clearly don't want to release parts of it to attract retail because, like has been said ad nauseum, they don't need us retail since they have a billionaire to back them. Holding it back in this case, provides more value and they're still within the law.

Remember, this isn't some junior where the management gets paid from working and delaying and giving themselves a huge salary - management and the board gets the lions share of their pay by providing the most to shareholders because they have a HUGE portion of their own investment in this.

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