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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: Trouble with the curve.
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It is important to note that all of these remaining BFS questions – including the PFS and earlier study phases are vastly differing in the end results – TCK must determine the answers to ensure that value is maximised. Unless all study phases are completed, some of these questions will be left unanswered and value may be concealed and risk may be heightened.

In the event that this feasibility study results in a decision to proceed with the option agreement and development of a mine at Shaft Creek. Tck will have determined that Elmers curve was not nearly as sharp as he thought. Playing possum and disguising the true worth may have been the ES intent all along.

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Jan 28, 2013 03:54PM
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