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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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I don't really understand where you are saying I have gone astray.

I am drawing inferences from NR. There is no mention of the February 4th submittal being a bankable positive feasiblity study; the first paragraph calls it a "technical report pertaining to a feasiblity study." But in the fourth paragraph it refers to "delivery of a Positive Bankable Feasibility Study (as defined) to Teck" as the necessary triggering event. If the February 4th submittal was a "Positive Bankable Feasible Study," why didn't they call it that?

The rest of what I said follows from the terms of the Salazar agreement.

Regards,

Volpino

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