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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: Q2 Financials

Jun 24, 2013 11:54AM

Jun 24, 2013 12:04PM
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Jun 24, 2013 12:22PM

How many agreements are there that oblige us to payments and receipts? Golfyeti pointed out a line in the NR for a deposit (how much?).

In the MD&A (page 10) there is this line for payments we will owe on the SC properties. Who do we pay this to and why? Do we own less than 100% of the SC properties?? What does "Off Balance Sheet Arrangements" mean anyways?

The Company is committed to pay $750,000 in 2013, $1,000,000 in 2014 and $750,000 in 2015 in connection with an agreement on the Schaft Creek property.

I'm still a bit puzzled at how we could still be counting moose and monitoring water at this stage of the game. We've had a good decade to wrap up this kind of stuff.

The MD&A has a pretty low key pronouncement (pg 6) on the 4 new claims we bought with no NR. Not one word about the last consultations with First Nations regarding the mining traffic through communities.

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Jun 24, 2013 01:17PM
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