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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: Cambridge Weekend - Questions
4
Jan 19, 2013 11:35AM

I asked Elmer what the Plan B was in case Teck decided they didn't want to be involved. He said they would hire a company to sell the project. At the same time they would follow the recommendations of the feasibility to improve the numbers by drilling those 10 holes, increase throughput and increase metal recoveries. In other words they just keep moving.

The fact that they extended the options for an entire year from now shows that they are actively working on Plan B just in case.

This is what don`t get....it was only about a year or so ago...he had some (possible inverstors) looking at Shaft Creek?

I would have thought that with ther Bankable Feasability Study out..BFS, other company`s would jump at the opption to grab it. Heck Elmer has stated that other company`s are interested but need to know what Teck is doing first.

I guess your right thou prospekt that Elmer would hire someone top sell this....but that would not make sense why would not have drilled the 10 holes to begin with?

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