Outlook
The Company is optimistic this project can be back in production by mid 2011.
The Company recently completed an independent feasibility study that confirmed the economic viability of bringing back into production a conventional open pit mine with a 35,000 tonnes per day mill. The re-opening of the mine is being designed to produce approximately 100 million pounds of copper per year in a copper concentrate with gold and silver credits by mid 2011. With the announcement of the Company and Mitsubishi Materials Corporation signing definitive agreements on August 20, 2009, whereby Mitsubishi joined the Company in developing the Copper Mountain Project, the Company is optimistic that this project can be back in production by mid-2011.
