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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: Re: Highland Valley Copper
13
Dec 27, 2012 07:37PM

I visualise a slow transfer of equipment and personnel from HV to SC over a period of years to produce a seamless supply of metals for Teck from this mining area.

There's been a lively debate re. the Liard shares lately, but I don't think it will come into play. it Teck backed in for 75% their earn back is, 78x 75%= 58.5%, 19.5% of those valuable shares are lost forever unless, they buy us out. It's only sensible they do it before giving them to us rather than paying for them after we have them.

Re. the topic of control after back in. I clearly states, after 40% of the money Teck has to fund, the 4x factor, has been used, Teck becomes the operator. Once again, I'm betting this will never be a factor. Why would a major want all these complications. If they want the project, they'll buy it clean and make their own deals with partners of choice.

For those of you that have been able to hold through this recent period of turmoil, you will, IMO, be well rewarded, and in the not too distant future....chunky

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