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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: "Sunday research"
Agreed RT, completing EA is a critical path, especially since we have missed the deadline stated in BFS of Q2/Q3, 2012 for filing. It is now anticipated to be filed between Q1-Q3, 2013. In addition, without an EA certificate, no construction can proceed at Schaft Creek. There are 3 areas of concern ito be addressed in the EA application, which need to be resolved in order to obtain the EA certificate. these iareas are water, moose and heritage resources. Refer to Sect. 25.4 of BFS. Hopefully, CUU has all the appropriate "connections" to get the EA approved and certified promptly. I believe it's normal for the approval to take a year. If it takes that long maybe that's why Teck is stalling with their decision. Teck does not want to tie up their cash on a project they cannot begin constructing till approval of EA, with date unknown What is frustrating to me is, the more we speculate, the more nervous I get about CUU. The EA should have met its deadline of Q2/Q3 2012 because it would be close to being approved by now, increasing value of Schaft Creek. Imagine what a powerful negotiating hand and value CUU would have today with EA awaiting approval anytime and if we had continued drilling 10 more holes and eliminated the waste rocks. I bet our sp will not be where it is today and Teck would have bought us out by now.
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