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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: Rio Tinto might be out of SC sweepstakes

We have a number of events that should give us some hope that the end is near.

  • We're suddenly seeing a very steady stream of news releases from CF, and this is definitely unusual. We've had years where we've gone months without hearing anything. I think this is intentional and we're finally seeing some promotion. Remember, everytime we put out a news release, it also shows up on Teck's feed too.
  • Teck is actually rushing us to get the SC PEA out. Why?
  • We have a new CFO, who specializes in selling companies.
  • Insiders are excersing warrants. Presumably they need cashflow for something. Let's hope its to advance work on our other properties after SC and VD are sold.
  • We've finally had an admission from Elmer that other companies are interested in us.

Q3 is not far away so we can expect to the SC PEA, shortly. Will we actually see it, is the question?

GLTA.

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