Here's my notes. No time to clean up right now-

CUU July 19, 2012

still “mid-to-late summer” for Feasibility; “on schedule to deliver late summer” “if teck doesn’t take option will use this document to attract another major”

RE includes 2011 drilling #

kpis: net smelter return per ton; production price per lb

volume of Schaft Creek deposity could grow by 30%; geophysical signature

“need to finish feasibility to get Teck clock ticking on option”

Why AZ acquisitions? Still need to complete DD...
- need to go look for addtl metals- porphry
- Sombrero Butte- lots of breccia pipes- indicates porphry mineralization
- “strategy is to see how big they can be”

Tim Yakashin- shareholder- what would we keep in Schaft Creek
- working on what teck would get- teck offer likely to buy everything in the area

Bill Wedley- shareholder- - does CUU want to maintain interest?
- “we want to sell our interest in the Schaft Creek project”
- “do a distribution in a tax friendly manner to shareholders”
- “expecting MIRA nr in next two to three weeks”

Ron Bazak- shareholder- MIRA tech good enough to demonstrate evidence absent drilling to assess value?
- MIRA working on two things “intepreting airborne geophysics; and titan 24”
- still have to drill, but MIRA can help prove size