Re: dsikorsk post

I'm not sure that I understand the mocking tone of your post. I was expecting all or almost all of the RE to be inferred - it is the first one. Why were to expecting anything else? Every mining project I have followed starts off with almost everything as inferred and gradually moves the estimates to proven. I'm pleased to see that the RE (1.4 billion pounds) higher than the historical estimate (1.2 billion pounds). The 43-101 estimates adds credibility (or certainty if you will) to the project. So it may or may not move the SP needle but my investment as another solid leg to stand on. I do agree that it will take a lot of money to make those resources to proven. But the next step is the PEA which doesn't take nearly as much money.

Also, why based on this RE that you mocking the VD potential value? What were you expecting? Again this is a RE estimate not a valuation estimate - meaning that this news release neither validates or invalidates a valuation method based on pounds in the ground. The point of those valuation exercises is simply to state that our SP is way undervalued. At 1.4 billion pounds = $4.2 billion (using $3/lb copper price). Our market cap with the SP at $0.12 is about 48 million, means our value is only 1.1% of the resource amount - And this values SC at $0.

However, I agree with your frustration with SC inferred resources. That after 2 years of recommending actions that we haven't seen this as a priority. I long to see what our IRR and NPV would be without this huge inferred handicap.