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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: What happens if Teck doesn't accept the FS as bankable?
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Thanks Pat66, it's good to re-look at the real numbers again and in many ways I agree that they are not bad.

The item that Prospekt pointed out was that we probably didn't make $1 NPV at 12%. Have a look at the difference in the base case and the drop in NPV from 8% ($513M) to 10% ($25M). A change of 2% and the NPV dropped by $488M. The NPV at 12% would not have been positive and thus would not have met that one test in the Agreement that would have forced Teck to immediately deem this FS as 'bankable'. We met it at 8% but that comes with a 30 day review.

The discussion was about if and how the clock will start, not whether we are getting screwed by Teck.

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