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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: Tech CEO says major M&A speculation "grossly overblown" - prospekt
2
Apr 23, 2013 01:00PM

Really? Is there anything that concerns why June 4th is not the date?

Unless they mutually agree to extend it out further from June 4th which could be plausible. Would CUU have anything to gain with an extension? No would be my opinnion as it would delay upcomming exploration plans. If so however it might mean a deal for the whole ball of wax is in the works. The last thing we or cuu would want or need is a tussle over the option agreement. Lets hope they work it out with a simple backin or some type of modified short term extended option agreement.

My hope is we get an answer soon, get some drills turning. Summer is coming and it's time to prove up more resources. Either at Shaft Creek or in Arizonia or on BXX properties.

I would bet dollars to donuts that Tck wants the whole thing but EE & ES are asking plenty for it. The comp would be Cobra Pananma. So we wait until the list price is met or they back in.

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Apr 24, 2013 06:55PM
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Apr 24, 2013 08:30PM
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