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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: My thoughts of Schaft Creek's NPV, Mine development

good article youngmoney

The increase in value from the 2011 drill results and now the latest 10000m begs the question of why are we/Teck only drilling 10000m. This district seems to have many good areas but only Paramount has been drilled enough to get to the measured category (and then with a problem on the 171 tons of wasterock undefined)

In the negotiations we did not persue the 4 x expenses (about $340m) for exploration, even $100m would of fixed the flawed BFS and defined the resource in the Mike and other zones.

The Mexican standoff can not be solved until we get actual information. Is 10000m of drilling enough? Has a deal aleady been made as it seems illogical we would of accepted a path limiting our ability to know what this project actually holds.

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