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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: Teck back-in?
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Teck back-in?

realcdn
Nov 16, 2011 11:49AM

.... but I don't see how that really benefits us?

* It's confirmation that the Schaft Creek mine will be built (and CUU has 25%)

* Partner Teck

* Yes 25% of 300 million is ours

* CUU still the operator

* Teck financing eveything up front, CUU pays back from the selling of the ore

* Teck has a 4 year deadline for production

What doi you think our sp will do when Teck annouces a back in....CUU wants to sell their 25% and any major would want to be in the position stated above. Cash cow for the next 100 years....

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