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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: Teck Stock
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Jun 20, 2013 02:18AM
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Jun 20, 2013 10:58AM
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Jun 20, 2013 11:23AM
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Jun 20, 2013 12:43PM
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Jun 20, 2013 12:56PM
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Jun 20, 2013 02:01PM
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Jun 20, 2013 02:16PM

As many of you know, the Feds are planning to ease up on their QE program which will end some of the weakness in the USD.

There is some thought that this pullback based on this news has gone too far and it will rebound shortly. After all, if they are going to ease up on the QE program it is because their economy is recovering.

I have a hazy grasp of these issues but if the USD goes up, and copper goes down, then theoretically we are getting closer to buying opportunity for China since they own so much US debt.

The Chinese data was weaker than expected as well, and that's again why commodities are taking a beating. All it takes is one good force majeure or some purchasing by China's State Reserves and it will go up again. There certainly seems to be more volatility now than in the years before the 2008 shock and rebound and drop again in 2010 or whenever it was.

I know Teck stock is taking a hit too and it would be good to get shares, but wouldn't we just get fewer shares because our stock is taking a hit as well? I would feel more comfortable having a lot of Teck shares in the bank than a junior miner.

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