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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: What does this mean?
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Jun 14, 2012 07:22PM
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Jun 14, 2012 07:43PM

Jun 14, 2012 07:51PM
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Jun 14, 2012 07:52PM
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MES
Jun 14, 2012 10:42PM
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Jun 15, 2012 12:40AM
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Jun 15, 2012 01:22AM
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Jun 15, 2012 10:15AM

For Cuu or TT to be carrying out this type of analysis would it not be safe to say that the BFS is done or very close to being finished to change the variables one at a time and create a new NPV?

The RE was announced the 31st but was actually completed the 23rd May. Give them 2 months to incorporate it in the Feasibility (July 23rd)...

Based on the comments below..I think we get it July-August, not later. And will Teck back in before teh release....

The recent NR states: The results of the updated Resource Estimate will be incorporated into the Feasibility Study. The other portions of the work required to complete the Feasibility Study have either been completed or are nearing completion.

Backed by the Webcast Elmer comments:

''regular meetings with Teck, they've been very helpful in discussions we've had, we have meetings with Teck whenever there is something to discuss with them, we want to keep them up to date, we want them to be a participant as we go along, our relationship is an excellent working relationship, good to work with them and yes we do keep them up to speed.''

''clearly we'll try and do it faster than that if we can''

'' but are objective is as soon as we can''

''since then we've implemented daily oversite, weekley meetings and progress reports we also retained several respected mining engineers to get involved in the study because we want to complete this study by mid to late summer.''

''Ah..Yes, we are moving along on the Feasibility study and I'm happy to say that we're on schedual to complete within the timeframe stated''

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