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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: My Prediction

Jul 12, 2012 09:34PM

I feel silly picking a date like this but WTH....I'll say Sep 9th (my son was born that date)

As for the amount...I'll be logical and use Quellaveco as a base case.

They got $900 million for 18% of 1 Billion Tonnes (They are in Peru with big water issues)

=

$2.1924 Billion for 24% of 1.8 Billion tonnes

That gives us a price of: $5.38

To that number you must add some value for us being in Canada, No Enviro issues, Teck 400% expenditures, NSR and Liard shares, Mess Creek, 4 year clause, Indirect Interest (control) and of course some money for our DISTRICT !!!

So I'll be very very very concervative and say $7

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