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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: News
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Oct 28, 2014 07:58AM
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Oct 28, 2014 11:59AM

I don't think they can just decide to conserve cash and not bother drilling if it is necessary, they must have the information that they need. They're doing the RE first, to be followed, quickly I hope, by the PEA.

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So the planned 25 more holes were not for a resource estimate (expanding resources). If more were drilled later - it would need to be redone, so I guess no more drilling at all. I like that.

Are we now just going for confirmation of the historical information and wrapping it up to spin-off or sell. I thought there was a plan to test the boundaries and size of the deposit, but that would be expensive. If not nessasary, dont drill and keep budget under control.

I hope we have stopped payment on Sombrerro Butte and let it go too.

No sense throwing more money at it. We rolled the dice, and it didnt work out as we had hoped (Sombrerro Butte). Moving on from that without further investment makes good sense to me.

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