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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: Spoke with Management about BFS/Vette

The results will come but I would not hold out for "home run" like numbers. You can refer back to this note once the BFS results are released and see that I was right.

The Feasibility is more about the ownership trigger but even so, I don't agree.

The only concern Elmer had at one point was that people won't believe the numbers when compared to Galore....Think of a BGM scenario but backed up by proof and 2-3 reviews.

The problem CUU had has nothing to do with the Feasibility. The problem is Schatf Creek jusr kept getting better and better and bigger. The Paramount zone, the higher grades from surface to 800m, the expansion of it all. The higher metal prices...the whole 3 year avergae etc....Even the new port is saving costs.

Since CUU only had 1 chance to release the Feasibility (Just like Teck has only 1 chance to decide), they decided to not leave to much money on the table and optimise the projects true potential.

But even today...they can't do it, they still don't know how big it is: 4:27

http://www.youtube.com/watch?feature=player_embedded&v=SoTs90JIiWM

The Parmount was hitting over 1% EQ, the deeper they went the better it got...they stopped at 800m, but it was still open....does it go to 1500m-2000m ?

Then you have the whole East side of the Paramount (never touched)...

It's open to the North and surprise !! we find the ''Discovery zone''

At what point do you say ''ok that's it we need to sell this...we could explore this for another 50 years''

And here we are.

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