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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: Questions that need answers
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Apr 01, 2012 03:41PM

"Why does TCK have any right to edit or approve our news releases."

Based on my chats with CUU management, TECK does not have a right, but CUU management just thinks it is for the benefit of CUU to have a good relationship with TECK and to ensure that TECK is being informed so that there are no big surprises at the time when TECK is going to have to make a decisson to get it or stay pit.

My question is why would TECK not get both Galore and Sharft Creek in one major deal? What would be the pros and the cons? Any speculation on April 1?

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