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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

These waste numbers are comforting but it is somewhat disappointing that the feasibility results are so weak without them. Spending $4496M to recover $67M (after tax NPV 8) is not going to help our share price. I wiill feel a lot better when I see the actual report and can make some more educated calculations.

Yes, I removed the cost of removing the waste. It will cost $6.56/tonne to remove the waste. If the waste has value we can process it for a cost of $13.33/tonne. Therefore it will cost an extra $6.77/tonne to process it. The waste has a value of $25.08/tonne, giving us an extra profit of $18.31/tonne for 171.2M tonnes of waste.

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