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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: Investing 101

My greatest fear is that EE and ES have come to an understanding to accomodate Teck's interest to defer the buy out. It would be delay, delay, delay. Sounds familiar.

Explanations throughly dismissing this possibility will be eagerly welcomed.

Up to this point we've had to be accomadating to Teck as we've had to fulfill specifics in our JV agreement with them ( consultation with Teck on the BFS etc. ). But once that is done and the BFS has been sign and approved by Teck that accomadation is no longer required and really I can't see any advantage to extend more time to them.

We have fulfilled our end of the deal now its their turn to make their decision or we find another buyer for our interests. Management has stated all along that they want to sell. Why would they want to delay this process further to perhaps a time when the market is not so favourable? It serves no purpose and advantage imo to be extra accomadating when we do not have to be. Business is business and management and EE have to consider the missed oportunity costs in tying up their funds here for longer periods of time than necessary.

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