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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: Re: My changed expectations
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Mar 06, 2013 10:23PM
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Mar 06, 2013 11:55PM
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Mar 07, 2013 12:41AM
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Mar 07, 2013 08:36AM
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Mar 07, 2013 08:46AM

Just to clarify, this is under the 75% agreement only

Yes of course. Let's look at 40% and 20%.

40% comes with $255 million, 3x what we ever spent on Schaft Creek. and we get 60% of the deposit.

Even a 20% back in we get back what we ever spent in the last 11 years, difference now is they would know exactly what to do and where. That's like 14 drills turning for 6 months straight. And we get 80%...

All enhancement opportunities would be made, inferred would be upgraded and they could easily drill out the other 50% of the Paramount + alot more....

In both cases yes you're looking at another Cobre Panama...but in Canada with port and power.

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Mar 07, 2013 09:42AM
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Mar 07, 2013 09:46AM
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Mar 07, 2013 10:57AM
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