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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: Question
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Mar 04, 2012 12:05AM
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Mar 04, 2012 12:18AM

Mar 04, 2012 01:35AM
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Mar 04, 2012 03:16AM

Your question is fictitious.

There's no room to challenge the contract. It's clear cut. The Numbered company did have an anti-mothball clause. You'll find numerous production clauses like this in the oil field. As for no onwership? How did you construe that one? At 25% you're considering the max back in that's worth about a buck. It's actually worth a lot more because it goes to the development and the finance of the project.

2 years in court? No. They could try negotiate sub clauses but that's about it. They will not damage their own reputation with a slap suite. They would lose and still be on the hook to build plus damages. That's never going to happen. Just to get a court date they would need us to have violated the contract in some form. Clearly, there is already flexability in the agreement. Look at the required FS date! Elmer doesn't want to discuss that one. LOL. I tried to dig it out of him. My question was Who requested the extension? His answer was evasive. That leads me to believe it was Teck, otherwise Elmer would have been free to discuss it.

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Mar 04, 2012 04:45PM
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