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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: In Situ calculator
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Feb 19, 2012 08:25PM

All great points Rogue ! Again concise reiterations shared by many here, including myself. But with all this info we still have to wonder why the immense premiums are given to certain projects? Equinox for example 7.3 Billion USD for mainly the Lumwana and Chimiwungo mineralizations with M&I resource of 322Mt @0.73% Cu for 5.2 B pounds and Inferred well beyond that at 561 Mt@ .63% Cu for another 7.8 Bil. Yes they have uranium credits totalling about 16 Million pounds but that is only about a billion worth at 52/pound. They have some minor coal and a few explorations in south America and abroad. Luwana was their main target and the premium was well beyond any calculator or BFS NPV and GREATLY represented their interest in the Inferred Resource and Future Prove-up potential. Why- Because they understand the geology and they have intense govt support! They built a hwy and provided power! As we have seen in a few other take overs lately, they simply WILL, in ceratin cases, pay for the potential, which is very contrary to a pay for the pounds model. Who they will do that with is beyond me, but it happens and when I looked very, very carefully at CUU 15 months ago when I started this venture, I found myself diving into the politics, the region, the behind-the-scenes murmers and found myself think this way and have come to my own conclusion that CUU could be this fortunate.

Cheers everyone

LDubs

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