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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: Lower Expectations
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Don't forget to toy with the waste numbers, get the full deposit figured in (up to the pit constraints) and add that to the ROV calculation. Suddenly, Teck could add $3 billion to the capex for the purchase of CUU without blinking. Then sell 1/2 and get busy mining.

But, the odds are that if they take 75% they will send us out with a tremendous package and have Elmer negotiate with their new partner.

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