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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: Comparisons

The lowest I've seen is 6 cents a pound. Our resources estimates at $2.95 a pound Cu don't mean anything towards the price and only give us an idea if the deposit is economical. Even the NPV method is not really an accurate guide to the final price. All of these will effect the price. Our current price is reflecting the 6 cent mark. NPV of 2.5 years good will is more like it. 3.5 billion/4 (about 25%). From there you can add or take away. I took several methods and averaged them and came up with a number close to what I heard Teck thinks we are worth. These numbers may be completely wrong because we don't have any notion as to how much teck will take. It should be better than $3.50. One guy tried to tell me that Stifel bough up to what they calculated was the max so we cound add 30% for the final number. But that was then and we have increased the project in a lot of areas.

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