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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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There is a PEA planned for VD in 2014 and conclusion of the optimization studies in the same timeframe.I think its unlikely they will be finished by the time of the next JV meeting which is at most 3 weeks away.

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