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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: district

That would make sense if the concept of district was coming from Teck. Do you remember at one point there was talk of mineralization moving west towards the GC area? That's also where we have those optioned properties, isn't it? We haven't had a conclusion on that yet. I guess they can leave that open until Teck states their intentions, why pay for something if you don't have to.

The stated value of Copper Fox is the Schaft Creek area, and the potential for further mineralization. I think the second bit is slipping somewhat. I got the impression that Elmer believed he had the feeder zone but the drilling didn't prove it up. Now they don't have time to go and jab around a bit and find where it is so they are going to have to put out the feasibility and let the cards fall.

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