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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: Response to Chappy's disappearing post
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Still have a hard time wrapping my head around that $360. million that Teck "pays" for the back in

Seems to me that is simply the initial portion of the development CAPEX in a mine that they will own 75% of by paying that amount

In other words they are really not "paying" anything

They spend it and keep it

ie they get to eat their cake and have it too...

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