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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: Elmer in the office
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Feb 04, 2013 10:45AM

I just spoke with Elmer. Confirmed they are in discussions with Teck as per what is stated in the NR. Would not give further info on this. Not in any hurry to get the Liard shares, building a relationship with Teck. I asked about 120 clock and he said if they need 121 days that would be just fine. Though he didn't state it, he seems pleased by the interest from Teck. He received good feedback at the mining show. While we don't have the grades of some other mines, we have location, location, location and infrastructure is amenable to mine development.

Shorts best be careful now. So glad I hung on until now.

Gold luck to all SF


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