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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: Re: What's Next. - Don't look at it.
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Feb 05, 2013 07:12PM

An obvious hold up from here is the requirement that the report must be able, per Para 5.5 to:

"reasonably serve as the basis for an independent commercial financial institution lender to finance the development of the property for commercial production"

I think it goes without saying that that decision would not be forthcoming until the environmental approvals are received

These guys are going to be able to stall for months

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MES
Feb 05, 2013 07:41PM
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