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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: My thoughts of Schaft Creek's NPV, Mine development
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Nov 25, 2013 08:46PM
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Nov 25, 2013 10:58PM
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Nov 25, 2013 11:23PM

Thanks Youngmoney for the great post. It is a great summary of everything that I'm hoping for and why I continue to be invested. I also agree with you that I want maximum value (while still considering time).

One question, what do you mean when you state that SC is "most cleanest deposit" in North America"?

I thought it was interesting that Pretium Resources shot up over 80% on Friday based on good results from their bulk sample program. They were down from $8 to $3 in a little over 2 months. So they have a ways to go before getting back to even. I'm actually expecting something similar for CUU when we finally have news. Wow it has been a long time since we have had any drill result news. Many investors are bored with us and since we have no uptrend and so traders stay away.

I also I think that it is hogwash that some poster have suggested that Teck would keep from releasing information (the drill results or increase in resource estimate) to CUU. That would be fraud and a violation of the JV. Teck has every reason to prove the value of SC because then they could enlist the interest of other majors who will help actually contribute financially to the cost of the project. We don't make a good partner to actually build the project PLUS we don't want that mine building role. So our price will not be as high as it should be worth to a major.

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Nov 26, 2013 10:29AM
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Nov 26, 2013 10:49AM
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