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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: Environmental Assessment Application
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"Environmental Assessment Application expected in fourth quarter 2012 –

concurrent permitting for road access ensuring a timely transition to

construction"

Are they saying that we will make application in the 4th quarter? Thought applications were already submitted.

The mine site plant wont be known until the BFS is completed [expected mid to late summer] and at that time the enviro app. would be submitted. Do I have that right?

Thx R

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