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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: What happens after the deal is done?
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I read an article today about Ivanhoe and I think it shows how important our Teck agreement is.

http://online.wsj.com/article/SB10001424052970204059804577225512807094878.html

Last month, Rio Tinto increased its ownership in Ivanhoe to 51%, a stake that gives it effective control of the Canadian miner without having paid a premium to other shareholders—a move that Ivanhoe CEO and founder Mr. Friedland had fought to prevent.

So even if Teck backs in for 75%, CUU still has controlling interest. The big mining company would want control. If Teck wants Schaft Creek, they want it with control.

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