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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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Your are confusing FS's with the EA process. Galore has an EA certificate. In my mind that is further along towards being a project than an in-house excercise like Feasibilities studies.

Galore Creek, Red Chris, KSM (Kerr-Sulphurets- Mitchell) and Kitsault lead a group of mine development projects. The Galore Creek copper-gold proposed mine is on hold pending redesign of the project. The Red Chris copper-gold project holds a development certificate for an open pit mine. Exploration at Red Chris continued for a deep copper-gold deposit. The KSM project is one of the five largest undeveloped gold resources in the world. It will be reviewed under the BC and Canadian environmental assessment processes. The Kitsault molybdenum mine operated previously and may proceed under an Amendment to its current Mine Permit.

http://www.em.gov.bc.ca/Mining/MineralStatistics/Regional/northwest/Pages/Overview.aspx

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Permitting

The Galore Creek project received an Environmental Assessment (EA) Certificate under the British Columbia Environmental Assessment Act in February 2007 and approval under the federal Canadian Environmental Assessment Act in June 2007.

http://www.ceaa-acee.gc.ca/052/document-html-eng.cfm?did=21492

http://www.novagold.com/section.asp?pageid=18745

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