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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: M&A

"Their cost per pound of copper is $1.65 to $2.30.

We still have no real idea what our cost per pound is. Even Teck has spent the last year or so going over the numbers. I have seen negative 32 cents and then a buck-fifteen. I had some shares in Mercator Minerals and the cost kept going up and up. It went from being the new generation copper/moly mine to broke because the actual cost was wrong, or was not stated truthfully.

Don't get me wrong here.

If Teck figured there was a problem, they would have never spent the time or the cash on this and would have been out a long time ago. I'm still in this because of Teck, not Copper Fox or Elmer Stewart or late night phone calls from Vette, or heaven forbid, web...

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