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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: Teck Presentations

Great to see us on a few of their slides for once. Note the points listed under "Opportunity":

  • Emerging district
  • Synergies
  • Regional land packages
  • Improving infrastructure

Good find Rapid and Chappy

I'd like to expand on the two items i've highlighted, as at times, i feel they may have been somewhat overlooked in our board, in comparison to emerging district and regional land packages.

There has been some previous reference to the prospect of a Galore property being more attractive based on synergies of a Schaft Creek - Galore 'district'.

- a road and needed expensive river bridge into Schaft Creek would serve as part access into Galore and other Teck holdings in the area

- economies of scale would be realized in many logistical fields, i.e. transport cost for moving material and supplies in & out of the district

- mining camp efficiencies on multiple locations

- more effective in manpower recruitment and retention with longer district mine life

- shared knowledge and expertise

- equipment acquisition and maintenance > be it new or acquired from other Teck operations, i.e Highland Valley as they become less productive

- Port of Stewart feasibility and NTL access

- government and 1st nations support

While I'm not advancing an idea of a simultaneous operation, i think it's reasonable in a longer term view, that the synergies and sharing of resources is very possible as one property develops in advance of another - and of course, there are the additional lands Teck has in the NW.

just my thinking out loud

cheers

jaf

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