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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: Liquidity Options?
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Mar 20, 2013 12:24PM

Mar 20, 2013 12:58PM
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Mar 20, 2013 01:35PM

Thanks for the details Chappy, my understanding has always been that the agreement swallows pretty much everything worthwhile. Therefore, for any future JV to occur that includes SC+surrounding lands there must be a very good reason for CUU to commit to another agreement with Teck. I just cant see CUU going in with another agreement when there are too many advantages with Teck just backing in for 75% and CUU sits on their butt while Teck moves towards development.

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