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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: Nova
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If TCK earns in for 75% by spending $360M on the project, it still has $1.022B in its 'budget' to spend on taking out the rest of CUU. (i.e. $1.382B-$360M = $1.022B).

$1.022B divided by 422.1M shares is $2.42 per FD CUU share.

To add to your calculations Chappy.

When TCK earns 75% by spending $360M.

How much CUU SP will be at that time?

If there is a slip up in construction, will speculators push the SP up hoping TCK would lose this interest in the mine and CUU would gain a almost finished SC at 100%?

I don't know if 1.022B will be enough to take out CUU.

If I was Teck, I rather use that 1.3B to take SC away from CUU completely.

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