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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: Elmer - Exercise of options
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Jul 13, 2014 02:06AM

Chunky,

I hope we both make it to payday ha ha :) I think you have been in this as long as I have - since 2008 for me. So six years in for me and counting. It just makes me a little angry to think that all these mistakes made my management were totally unnecessary and could have been avoided if management were not as complacent. I remember talking with Elmer too when our share prices were much higher in the $1.50 - $1.75 range. I told him at the time I thought it might of been a good time to raise a chunk of money to get all the necessary drilling done as you never know when these junior markets could turn. Did he listen? He thought we would be done very shortly and told me the BFS was going to be done in a year. That was back in 2010!!

So here we are in 2014 sitting at .25 . This is what I mean by complacentcy and smugness. Same situation with oversight of the BFS. "Don't worry it will be out very soon" as he told many here including myself. Now we are being told by Prospect that it could happen next year in 2015 if and when Teck makes a production decision! Well what if the whole world economy tanks in 2015 as many experts and economists are now starting to predict will happen? Its no wonder many long time holders like myself are pissed.... After Cuu, I have decided not to follow Elmer to his next adventures. I'm too old now to gamble on uncertainty with Elmer at the helm. My 2 cents.

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