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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: Great Day .........Run Fox Run
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Thanks your post.

If we have $80M expenditures by the end of June, 2012 and if Teck backs in for the 75% which would get us 4 x our expenditures, we are looking at $320M. Should Teck wish to just buy out the entire Schaft project from us, what kind of recognition will we get for the our expenditures?

Heck, $320 is almost a buck a share. To my mind, there would have to be some sort of recognition for our work and investment in the project thus far which needs to be considered in any buyout offer.

Does this make sense? Can anyone elaborate or clarify the point I am trying to make.

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