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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: If TCK intended...

Jun 28, 2012 12:07PM
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Jun 28, 2012 12:25PM
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Jun 28, 2012 12:29PM
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Jun 28, 2012 12:37PM
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Jun 28, 2012 01:17PM
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Jun 28, 2012 01:37PM

Good article Vette. Teck is making the right social moves, negotiating good wage increases over 5 years with two BC steelworkers unions, contributing to trails, hospitals, medicine dev, museums, etc. Still billions upon billions to be made despite all the extra little philanthropic disbursements and proactively addressing wage increases for workers (look at Teck's recent financials).

Ensuring a healthy environmental/social climate, in a time of what seems to be growing corporate distrust globally, is paramount to the well-being of any large co. CUU is going the extra mile to hand over a fantastic turn-key (almost) operation with next to zero enivronmental/social issues ... should be a nice handoff to Teck (no dropped batons please!) ... what we're all waiting for is to see if the whole land goes, or we gear up for further exploration on the non-back in lands once Schaft Creek is taken out.

I'm leaning to CUU 2.0 unless Teck is ready to spend a ludicrous amount of money to take it all. The value of one more Liard/Paramount size/grade deposit, 100% owned by CUU, is worth how much close to Schaft Creek infrastructure??? Whichever way this goes, it is going to be good (total buyout or Schaft lands only). Looking forward to that announcement and the halt.

Bonne chance

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Jun 28, 2012 02:47PM
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Jun 28, 2012 03:08PM
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Jun 28, 2012 03:18PM
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