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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: Smithers Presentation

My take on what ES had said is that he knows for sure that teck will do one of two things. 1. Elect to back in at 20, 40, or 75%. or 2. Walk away from the project.

Thanks for your reply Hankie109 but this sounds totally opposite of what HayzToo just posted so I`m confused. Is it ES opinion that Teck would rather chose a backin option of ( 20,40, 75% ) or a complete buyout? The other option is to walk away and we all understand that is a possibility but it doesn`t sound like Teck would in light of the interest they have thus far shown. So can any of you two clarify once again what was ES opinion on what he thinks Teck will do?

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