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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: How the exit strategy unfolds
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Thinking further about this PEA idea at Eaglehead, maybe they could go for a 30k to 50k tpd operation? Something similar to Pinto Valley, Copper Mountain, Red Chris or Yellowhead?

Capex would be lower and mine life would be decent.

Operating cost would probably be much higher than SC, but at the end, if the concept can generate $50M of profit per year @ $3.50 US, it could generate a decent after-tax NPV.

After, we sell it for 50% of that NPV and let a major optimize the project.

IMO.

MoneyK

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