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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: Why a 75% back-in doesn't make sense

You're right, I'm assuming none of us expected to be back at this level. That said, when there are catalysts in place like the BFS, Teck backin or buyout; how can it possibly go lower than a final price of a buyout to someone - Teck or otherwise. What exactly will you do with the money that you take profits from? Unless you need them for expenses, and aren't going to invest them elsewhere I don't see the rush to take the money off the table; though I do fully understand if the money is required for expenses.

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