PROVISIONALLY PRICED SALES:

3 Months Ended

Mar. 31, 2015

NOTE 5 — PROVISIONALLY PRICED SALES:

At March 31, 2015, the Company has recorded provisionally priced sales of copper at average forward prices per pound, and molybdenum at the March 31, 2015 market price per pound. These sales are subject to final pricing based on the average monthly London Metal Exchange (“LME”), or New York Commodities Exchange (“COMEX”), copper prices and Dealer Oxide molybdenum prices in the future month of settlement.

Following are the provisionally priced copper and molybdenum sales outstanding at March 31, 2015:

	Sales volume (million lbs.)	Priced at (per pound)		Month of settlement
Copper	60.9	$	2.75	From April 2015 to May 2015
Molybdenum	10.3	$	8.28	From April 2015 to July 2015

Management believes that the final pricing of these sales will not have a material effect on the Company’s financial position or results of operations.