Neutral might be an apt description of the NR but info on what exactly this deposit is seems lacking. Lots of work ahead to take the 1980's drilling and metallurgy and make it relevant to today let alone compliant to the NI 43-101 standards.

..."The reported historical information, metallurgical recoveries and cost assumptions used in the Van Dyke Report have not been verified and this historical data has not been adequately reviewed by independent Qualified Persons. To upgrade the information contained in the Van Dyke Report, additional diamond drilling, metallurgical testwork, updated cost assumption and metal pricing would be required to complete a current Feasibility Study. "

We have no info as to how shallow/deep this deposit is. It would appear that from the NR info, no one has done anything exciting on this property for over 30 years.

..."Between 1968 and 1980, Occidental held the property. During that time a total of 70 exploration holes (sixty-two of which encountered measureable copper mineralization) were completed on the Van Dyke property from which 46 were used to estimate a historical resource"...

Only 46 of 70 holes were used to make the 1980's estimate. At 119.2 Mt, this non compliant NI 43-101 deposit is less than 70% the size of the 171 Mt inferred 'waste' at SC.

Again, the NR points readers to the CUU website for more info on this property and Sombrero Butte yet there is not one map, graphic, picture, or anything outside a few dated NR's. By the same token, by reading these same NR's, we should expect the Schaft area properties we optioned from CJL to be still in the cards which is impossible since neither CUU or CJL own those properties any more.

We are spending material amounts of dilutive money in Arizona and really dont' have much to say about it to investors.