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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

Well I just quoted this a few days ago from Greg Waller at Teck, he introduced Don Lindsay at their webcast. I was asking him about future expansion in September, 2011: I would like to understand some comments made by Mr. Lindsay. He has stated that he is not contemplating acquisitions in order to expand future mining. What about all those companies in which Teck has current agreements that are in the exploration stage? Does that mean Teck has decided they will not be participating in any back-in agreements for the forseeable future?

He responded in part with this: Don wasn't referring to this sort of decision when he discussed acquisition potential. We wouldn't consider our decisions to exercise our back in rights on our exploration ventures as acquisitions.

If they bought out the remaining properties in BC it is possible it still wouldn't be called an acquisition, but instead part of the back in decision.

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