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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: Great chat with Elmer

If anyone is calling management in the next while... could they enquire about the potential for 200k tpd production (as reported by Mr Chops). I don't doubt Chops but I don't know if Elmer is rounding up like casually saying "20 bucks" when the price is $18.00.

imho...

If possible, ramping up to that kind of production would have an immense impact on Schaft Creek economics - to the positive.

Schaft Creek is already so large that making it bigger (i.e. higher production) is probably not that much more of a problem. Some of the larger Capex items, like the road and TSF (etc.), should be able to handle the increase in production with only minor increases in cost. Economy of scale is everything.

The biggest capex increases with adding yet another 20k tpd would come from the mining equipment and process plants. The camp, road, airstrip, powerline from Bob Quinn to SC, and other bigger ticket items should not have to increase by that much.

BTW... great reports Orcinus, Chops and others. Much appreciated.

GLTA

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