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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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"On the other hand, I wouldn't want them to give themselves new options at a lower strike"

They can't issue options below the current market price. The old options had a strike price of $0.78. By extending these options they get around this rule.

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