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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: Inferred

Question to the board: How much do you think the inferred will be valued? Obviously it isn't waste rock, but it's not the same as reserves. What's fair value for it? How about in the pit versus the reamaining lands. What about the rest of our resource that isn't incorporated into the BFS? How do you think that will be valued?

I'm having a hard time coming up with anything that isn't completely a guess.

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