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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: The good, the bad, and the ugly

BRoF:

We are all entitled to our opinions.

Yes, you're right. But let's remember that some opinions get deleted here, even those expressed by longs.

RT:

The Good:

-Good capex

Agreed. Holding it to a 20% increase in this economic environment is quite impressive.

I would move this item into the ugly:

LOM copper production total and cash costs per produced pound including mine site operating costs, smelter and refining charges and concentrate transport cost average $2.09/lb and $1.15/lb, respectively.

That was like a blow to the gut when I read it.

One thing I keep reminding myself of is Teck's strong hold on Highland Valley over decades. That's considered a high cost, low grade mine, but it's a massive one. Teck has managed to make it profitable. They're making enough money from it that they keep extending its mine life...

http://www.teck.com/Generic.aspx?PAGE=Teck%20Site/Diversified%20Mining%20Pages/Copper%20Pages/Highland%20Valley%20Copper&portalName=tc

http://www.teck.com/Generic.aspx?PAGE=Teck+Site%2FMedia+Pages%2FMedia+Detail&releaseNumber=07-05-TC&portalName=tc

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