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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: 1% NSR
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Redid the calculation.  Had to use a discount rate of 0.9% to match the $165M US purchase.

When applied to our stream of cash flows starting in 10 years (after construction + payback):

Result for our 25% = NPV (0.9%) = 1.13B US.

IMO.

MoneyK

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