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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: Elmer and this vs Salazar and The Caller.

That was me asking Elmer about that

I was sorta surprised at his view on that requirement

I think what is even more significann about the cited Paragraph 15.1 of the Salazar agreement though, is the last sentence:

"It is understood that the parties agree to use their best efforts to settle in good faith and execute such a definitive agreement which will replace and supercede this agreement"

If this can be interpreted to also be a required action within 60 days of the BFS delivery, I would expect a lot of the issues, like the 4 years to production, disposition constraints on the Liard shares, limits on CUU's ability to assign the agreement and who would run the JV to be addressed in this document

...and I would expect there to be a negotiated price for any relief from any of the terms that miighr be troublesome to Teck

...and I agree that I hope none of this matters in a day or two


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