While doing more DD on CUU I came across the following article from the Northern Miner:

http://www.northernminer.com/news/copper-fox-falls-on-schaft-creek-feasibility/1001980622/

I was looking for some insights but most of the article just re-cycles press release info. It did suggest the capital cost might have caused the share price drop and mentioned the cancelled Galore Creek project. I took a closer look at the GC project to see why it was cancelled and if it could be a competing project to Schaft Creek for funds from Teck. The GC project was dropped by Teck/Novagold in 2007 when capital cost estimates increased to $ 5 billion. In 2011 NG put their half up for sale and there has been no takers. In late 2011 a PFS was completed with a new capital cost of $ 5.8 billion. There are significant extra costs for a tailings dam and water management structures that were not included in the original cost. Teck completed a review of GC in 2012 which they are studying. So Teck has to decide if they should do something with GC or SC. The GC project has almost double the capital cost and poorer economics than SC, plus their 50% partner wants out. It looks to me like Schaft Creek wins. I'm hoping at least some of this has not been covered here before as this is the most active hub I've seen. All of this information can be found on the Teck and NG websites where it is interesting to see the motivated seller(NG) listing the positives while the partner Teck discloses all of the problems. I tried the link again and can no longer see the entire article I found with a simple google search, so it may not work if you try it.