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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: commodity set back

I noticed that Agoracom deleted one of Metacomet's posts. I don't think there is any infraction with this post so I'm c/paste it below. I can't unremove it so it must have been removed by Agoracom.

Personally, I don't see a definitive basis for linking the lack of any info on the Feasibility Notice with CUU failing to uphold our interests contained in the Salazar Agreement. Yes, there is no info or indication that the FN was delivered but there is no info to say defiinitively that it wasn't delivered either.

Also, there is the potential possiblity (dare I say equal?) that a JV agreement has been delivered to CUU; if so, I suspect the JV arrived just about the time that CUU started getting weird with "quiet periods" and mixed up/vague dates and timelines.

On top of that, as I said before and as Met points out below, the Agreement is quite clear on how and when the FN is/was to be delivered so I can't see CUU's team (and its lawyers) dropping that ball.

So, imho, there are a number of almost equal possibilities around the delivery or non-delivery of our FN.

It is worth carefully looking at Prospekt's post as there is a lot of implied CUU confidence that this is wrapped up by our percieved June 4th deadline AND that there is a robust process in place between CUU and Teck regarding the next steps.

Here is Met's post that I'm daylighting in the interest of a fair and open discussion of CUU. Again, I don't agree with it, but by no means is it a violation. If anyone see's a violation, then you can file it on my post.

This message has been removed due to a violation of Agoracom's Six Rules of Use

Re: commodity set back - I see by my score some don't like

posted on Apr 20, 13 01:31PM Use the IP Check tool [?]

"I have no doubt whatsoever that we delivered the Feasibility with the supporting financial documents and the Feasibility Notice"

Paragraph 3.3 is pretty definitive

http://www.siliconinvestor.com/readmsg.aspx?msgid=28845038

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