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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: So; what's changed?

Geo Political, Canada/BC has and will remain stable and mining friendly, the proven material in the ground can only increase with further exploration. However, the price of copper has gone from $3.70 ish down to $3.18 ish in the last 6 months and that may be a problem. The whole FS was said to have been very conservative, but yet the $3.25 used for copper was talked about here as being a little high, but did CUU feel that 3.25 was also conservative?

The price will change from now until this actually becomes a producing mine, 3 - 4 years, but Teck has to be looking at todays price and comparing the numbers with the 3.25 assumed.

When we talk about billions of pounds of copper, a change of of .50+ per/lb cents is very substantial.

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