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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: Not Good

I'll tell you guys the truth about the waste.

We knew it was there and not worth drilling. It's expected to be pay dirt but the high values will be sporadic. They will determine how to feed it by blasting/dozing and testing. A few holes will be drilled with a small bore just to do it quickly and cheaply. On a break even analysis the drilling we did was far more valuable. Who would do a resource on waste?? They expect it to be high enough grade to use in the feed. They know there are some very nice grades within it. You have to understand how a mill operates. Grade, hardness, grind size all play a role. They have to average the material through. Remember the geo teck holes? The high grades got everyone's attention. Also, we were just discovering this might be a hydro system which explained the sporatic high grades. That's why I call for about 30% to be good grade and a small portion to be very high grades. If you got the results uncapped you'd be bewildered as to why it was called waste. Remember the description of the overlain secondary mineralization. Back then we were discussing the transport method. Mark my words, it's not waste. But a huge drilling program would be a waste.

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