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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: Re: My changed expectations - Vette
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Mar 06, 2013 10:23PM
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Mar 06, 2013 11:07PM
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Mar 06, 2013 11:20PM

But we get to decide when we want to sell, don't we?

We could turn the property into swiss cheese on Teck's dime and get way more next year with a 'proven district' instead of 'look how promising it looks'.

Would waiting another year invalidate all the reasons you listed? I think they would still apply as they wouldn't have spent the full $340 million in a year (I don't think).

Not trying to argue with you Vette, you know much more about this project than pretty much anyone. I'm just looking at it differently.

A big buyout right away would be great, but I personally have trouble accepting that it will happen. Just my take on it, I hope I am dead wrong - quick cash is good!

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Mar 06, 2013 11:55PM
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