Some key data on CUU, Part Three SCJVTomorrow is the deadline date for the completion of the CUU private placement. You can clearly see all the bashers and the shorters coming out of the woodwork to make you sell your shares cheaply. The float might be huge, according to the bad guys, but volumes are low every day because not many people sell, only the shorters and the weak hands. It is extremely frustrating for the trolls! The reason is because of the true value of CUU: why would people care so much about this firm on this discussion board if it was such a lost cause, a really bad investment? Dumping would be the norm, right? Yet, it isn't. Here is another bunch of data to reassure those who believe in the firm: 1) Where is the 2019 Schaft Creek joint venture work program report? On page 41 of TECK's 2019 AIF, the following appeared in relation to Schaft Creek: "... In addition, an integrated scoping - level engineering study was completed on select elements of the 2013 feasibility study targeting capital and operating cost reductions. The results of this study will be compiled in early 2020." Well, early 2020 can be now or later, who knows. Probably after the completion of the private placement. 2) At the CUU 2018 AGM held in May 2019, the shareholders were told by CEO Elmer Stewart that the scope of the 2019 Schaft Creek joint venture work program should provide the SCJV with sufficient information to enable the joint venture to update the 2013 basic feasibility study and provide CUU with sufficient information to place a value on its interest in Schaft Creek. Based upon this information, it is reasonable to expect that CUU management will request that an updated NI43-101 valuation report be included in the scope of the Schaft Creek joint venture 2020 work program. 3) It is now time for the CUU management board to plan to monetize CUU's interest in Shaft Creek by selling it. The most logical buyer is TECK. However, there likely are numerous buyers that would like to acquire a 25 % interest in a large B.C. copper mining project with significant precious metal content operated by TECK, a world leader in mining, holding a 75 % interest. Schaft Creek is grossly underexplored and offers the potential for many decades of profitable production beyond the resources currently identified. 4) Discussion on the $ 40 million receivable from TECK: the TECK - CUU 2013 agreement on Schaft Creek provided that TECK would pay CUU $ 20 million following a decision to bring the property into production and a second $ 20 million following completion of mine construction. TECK also agreed to fund the first $ 60 million of the costs of the joint venture prior to a production decision. CUU spent over $ 100 million prior to 2013 on Schaft Creek. It is guesstimated that TECK has spent about $ 20 million on the SCJV since 2013. Consequently, TECK must spend the next $ 40 million +/- on Schaft Creek prior to a production decision before any funds are due from CUU for this purpose. 5) It would appear that a relatively modest amount of funds will be required to complete the work necessary to develop a go-no-go document on Schaft Creek which would contain all of the variables (foreign exchange, metal prices, etc.) required to enable the owners to make a development decision. 6) The Road: no responsible board of directors would authorize TECK to build a multi $ 10 million road into Schaft Creek before a development decision could be justified. The full $ 40 million will be owing to CUU at the time a production decision is made. This receivable is separate and apart from CUU's 25 % interest in Schaft Creek and CUU's directors would be entitled to deal with this asset as the board thought fit. 7) For all the bashers who point to the current crisis environment in Canada, they show a significant lack of knowledge about long-term mine planning and development. Mines take decades to be located, drilled and put into production. The last recession (since 2013-2014) saw a considerable halt on mining exploration and development in the world, so when the economy will be in full swing again, the demand for copper and other resources will be huge and immediate and a shortage is expected. TECK is probably already planning the next boom and there is no reason for TECK not to buy and prepare new projects like Schaft Creek now, this year, for the upcoming future. Giants like TECK don't wait for the economy to change if they see a great prospect ahead, knowing that years of development will be needed. Furthermore, CUU will not put Schaft Creek into production. CUU only wants to sell it at the best price available. This year is still very much open to a sale of Schaft Creek, regardless of the crisis, in my humble opinion...