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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: PDAC March 3 - my notes

>>>Further, I believe we really will know in the next 2 to 3 months (hopefully a bit sooner). Whatever price Ernesto can squeeze out of Teck's interest in the Schaft Creek project is as good as can be had. Teck has shown interest all along, as well as currently by entering into discussions. We have that going for us.

I was at PDAC too.

1) I confirm here too that Mike told me we will know well ahead of the 120-day dead line.

2) Mike said we'll have the biggest ever drill program this year in Schaft Creek.

3) We'll have more room to unleash our value if Teck doesn't take us all.

4) Some Chinese showed their interests a while ago. Their offering price was insulting.

5) Teck does have money. But their oil sand projects require also a lot of money.

KP

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