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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: Liquidity thoughts
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What?? Unless Schaft Creek is exempt from paying taxes. On an after-tax NPV/share basis Schaft Creek is only worth $0.16/share ($67M/422M) at $3.25/lb Cu and an 8.3% IRR. Remember Galore Creek was 7.4% IRR at $2.65/lb Cu...

I cannot understand why the FS is such a disappointment given it's relatively low capex? Is it only because Mo prices have halved since then or did recoveries/grade change too?

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