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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: MD&A on Sedar
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Feb 29, 2012 07:48PM

It's about conducting business. The company has a contract with us the share holder. Obviously, that includes them too. This is not a social contract, it is a written one in the constitution of the company. They are bound by that and yet, they have taken liberties with it. The problem lay with the concentration of ownership in one EE.

Why did Elmer have to drag out each dime for drilling? Cause, someone was a little toooo tight fisted. Seriously, look at BGM's drill program. It makes one think the crack pipe was being passed around. Ya, Elmer said we had our hands full with the FS and other studies but I said hire a few more people. So we got one extra Geo! (Insert eye roll here). I said we should have more drills. Elmer said he'd be looking into that. We got 1 more? It came late in the season but Elmer said they were the best and he had to get bank for the buck but come on man. We will take the extra shares being issued and be happy just get on with the show. Clearly his hands were being tied. I've had to deal with overly prudent boards who expect miracles from nothing. I have no doubt he was being held back.

Now, Elmer would never speak about that. He would rather eat it and move on. His marriage of a bankrupt co, EE, Teck and us makes for a hillbilly family farm. We're one step above where pumpkin is a friday night sport instead of something you make pies out of. I sometime wonder why he ever agreed to it. Knowing this, I suspect he would get us out if the chance came but his voice is not enough and niether are ours. So all we can do is cross our fingers and wait. Speaking to him directly probably helps because he knows that he has our support even if Teck tries to stall.

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