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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: Using old numbers in 2012
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I believe's Vette's $2.11 figure is from the 2007 PFS of Shaft Creek Construction Cost.


It stated the initial construciton cost to be $2.95 billion.

IF Teck elects to back in 75%, they would have to arrange financing for our 25% as well.

The 25% of the $2.95 billion is $700ish million giving me a figure of roughly $2.00 a share.

Vette am I right?

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