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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: Teck Tax Consideration
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Being an accountant I am curious how Teck handles the transfer of Laird shares to CUU. S 69 of ITA requires transfers be made at FMV. Teck will have capital gain. From CUU perspective, the FMV of Laird shares will reduce the resource expenditures/deductions. Then in 120 days, Teck exercises its earn-in election but doesnt obtain 75% interest and Laird shares back until it fulfills all conditions. OMG, glad I am not either companies' tax accountant. Big dollars and alot of maybes.

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