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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 cash costs/lb Cu
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"Copper revenues fell 9 percent in the first quarter on lower realized copper prices and higher cash costs. Total copper cash costs rose to $1.61 a pound, up from $1.51 a pound, as molybdenum and silver prices fell, reducing the value of by-products from copper production."

Schaft Creek cash costs under Base Case and ROV scenarios is $1.15 per lb/cu.

DC14

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