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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: News Release
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Apr 12, 2013 09:43AM

I think this is great news for CUU shareholders. What it tells me is that they are expecting a total buy out of Schaft. CUU would not be capable, manpower wise or financially, to pursue both projects. These new aquisitions will eventually fall under CUU2 which I personally don't care and will not be part of. I may be reading too much into this NR, but I sure read it as all CUU BC assets will no longer be part of CUU in the not too distant future, and they will shift their efforts in these new properties under the CUU2 umbrella

All just my opinion of course

GLTA

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Apr 12, 2013 05:45PM
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