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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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The clock has begun and this was confirmed in my phone call with Elmer. I expect the negotiations to be collaborative and consultative in nature. The opportunity for sygergies to be realized are signficant. Teck's vast resources + Copper's Fox intimate knowledge of Schaft Creek make for a winning combo.

Let's remember one key clue to the collegial relationship between TCK and CUU: it was Teck who put Elmer on the Liard Board.

SF

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