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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: Waste Rock

Section 26 contains several recommendations for further work. One of these items is to "infill drill part of the northern portion of the Paramount Zone in order to upgrade the resource category from inferred to indicated."

This is likely the area that contains the majority of the 171M tonnes of valuable waste rock. The feasibility goes on to recommend two drill holes at a cost of $428K to accomplish this. Even the news release today indicated how important upgrading this waste rock is. "...establishing the work programs to assess the economic benefit to the Schaft Creek project of additional drilling to upgrade the inferred resources located within the pit shell".

Clearly upgrading this waste rock is an inexpensive way to provide a huge economic benefit to the project. Here's the part that bothers me... we've known about this waste rock since May 2012 (likely even before this). The previous Resource Estimate had these recommendations spelled out and they were ignored. It still doesn't make any sense to me.

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