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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: Some Math
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I just ran some numbers on the impact the waste rock would have on the economics assuming the inferred resource is accurate (that's a big assumption).

Our 8 percent NPV would increase from $513M to approximately $1650M.

Our IRR would jump from 10 percent to around 14 or 15 percent.

The big assumption is that the waste rock is processed evenly over the life of mine. If the waste rock is processed early in the mine life, the numbers are much better. The inverse is also true. This would be a very good question for the conference call.

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