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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: Year End Financials

Golf,

I agree with all your reasoning except on the 60 days to force JV. On the conference call you might remember someone asking a question about '' is this 60 days to JV or 120 days to backin ? '' and Elmer was like ...uhhh well if they backin no need for JV , etc... I m doubtful he would enforce that 60 days JV clause, since he already mentionned he would allow 121 days if necessary OR if negos are turning around a buyout ... no need to jv

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