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1) I was impressed with the fundamentals and the intangibles. The production of a pound of copper at -32 cents (that's the figure I vaguely recall now) due to the credits for other metals was incredibly enticing. Being able to tie into the NTL offered huge upside. The port facilities secured, positive relations with the Tahltan, no fish-bearing creeks or rivers, it went on and on. And there was what, 10 million-plus pounds of copper thought to be in the ground at Schaft, not to mention the gold, silver and moly.

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Should be 10 billion not million, but I believe that is CUEQ. Anyway 10 million lbs of copper isn't very much we would be in some serious trouble if that's all we had.