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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: Newmont

I think if we all look around there are enough clues to tell you one thing we are done as CUU as we know it. This is how I surmise the story goes.

So Teck goes looking for a partner for a helper to fund both Shaft and Galore. Teck knows that it easier with a North American company than a Chinese or Brazilian to pass the regulators. They have worked with Newmont before. Teck talks to Newmont and their guy is the guy who did the pre feasiability. What do you think? Well back in 2008 it came in at -30 cents per pound, they have proven more pounds in the ground and higher prices in metals it is worth a look as well as it seems to have more deposits around in the unproven grounds [Expansion possibility]. Here is an offer. No thanks fire up the drills. Stop we will be fair. Elmer here is the draft BFS. WOW those numbers can't be right? Remember Elmer said a while ago the numbers will be outstanding and hard to believe. Ok you have deal at X number of dollars however Newmont wants their guy to do the peer review to make sure they are getting value for what they are spending. I don't care how Teck and Newmont split this thing up just split it up and lets move on. There is no way the Newmont guy is subcontracted on his own time to do this. Not a chance.

Cheers

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