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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: Common sense
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I'm relying on my own common sense.

CUU's been working on this Feasibility and everything attached to it for years. You think ''WE'' (retail shareholders) just discovered that 12% clause after reading the agreement 3 weeks ago and ''THEY'' (CUU management) just happen to miss it this whole time ? All this as insiders exercised options, bought on the open market and financed the company....

DM was still buying back his shares recently. He didn't have to, he owns 12,386,600 shares and could have picked another undervalued company to put his 150k in. But no he put it back here.

Speak to Elmer or Mike about it and they're not concerned one bit either.

Teck has been involved in the process since Jan 2010. Everything's on the record, communications, phone calls, NR sign off, collaboration between CUU and Teck senior VP's and engineers. Teck doesn't have a case in court here period. In 19 days the 120 days will have started 30 days ago.

As for the 8%, obviously Teck has the right to review all they want but going against it is going against the opinion of : 40 engineers, Tetra Tech, merit consultants, Matt Bender, Moose Mountain and Teck senior technical people. So don't count on that.

Bankable definition in the salazar agreement: ''Positive Bankable Feasibility Study'' means a comprehensive report prepared in good faith that shows the feasibility of placing the Property or part thereof into commercial production and is positive as contemplated in this 5.5.

A) NPV of at least $1

B) In either the following cases

bi) NPV at least $1 using 12%, mine life 12 years, 25,000 tpa

bii) The report will be considered positive, NPV at least $1 using 8%, mine life 15 years, 50,000 tpa

Again, I'm using my own common sense, others have their own.

Here are some interesting comments from Elmer on past articles relating to this subject, it's always been on my CUU blog.

Teck & CUU (1) So with all these pieces in place, and a resource table expected in late April, pit design optimizations will lead to a complete mine feasibility study, which Stewart hopes to see this summer. “At that point, Teck Cominco will elect to earn a 20%, 40% or 75% interest, or walk away with a some shares and a 1% royalty,” explains Stewart. “That decision should come quickly. We’ve kept a transparent flow of information with Teck, the provincial and federal agencies and the Tahltan First Nations so everyone can decide quickly because they all helped us get it there.”

Teck & CUU (2)The company has a relationship with Teck, Canada's largest diversified mining company, can you explain the significance of this relationship to our readers?

Teck has an earn-back right pursuant to the Option agreement entered into in 2002. We have been working with the senior technical people from Teck since early 2010 when we announced that we were proceeding to complete a feasibility study on Schaft Creek. The purpose of engaging Teck early on in the process of completing the feasibility study was to have their input into the feasibility study that is required to allow Teck to make their decision as to their participation in the Schaft Creek project. Teck’s experience in operating open pit mines of the size of that contemplated at Schaft Creek is valuable information that helps makes the feasibility study a realistic and practical study in the contexts of developing the deposit.
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