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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: Timeframes/Sentiment
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Jul 19, 2013 10:08AM
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Jul 19, 2013 10:12AM
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Jul 19, 2013 10:12AM

Months for drill results? A year after 2 drilling seasons? Only until commodities turn around (guess on when that may happen)? When a production decision is made (guess on when that may happen?) Wondering what everyone thinks a new timeframe until liquidity is more likely to look like.

Obviously this is guess work but here's the reality.

When you look at First Quantum taking out Cobre Panama, or Mitsubishi taking buying 18% of Quellaveco, etc.

We're now in the perfect position to easily sell our 25%. Even better with A Right of 1st offer.

We have cash, a great asset that can be improved easily, Teck operator and partner, we're in a safe Jurisdiction (no Nationalization), huge explporation potential to double and triple, we will get carried to production without dilution, port, power, no enviro issues)

Bottom line I think majors around the world will want this 25%. And won't mind paying for 25% of the Capex improved by Teck.

Teck has made it's move, just 3 days ago.

The majors that have been in contact with CUU for the last 2-3 years can now act.

We will never know about this it will come as a surprise. It can happen before the drill results are released and it can happen after.

That'S teh outside job possibility.

Now the inside job possibility:

It,s all already planned, Teck will drill the East paramount zone and then come out and say to their share holders ''wow this is much bigger than we thought'' (yeah right they knew). ''we want to start building this and we'ill start by....''

''oh and by the way we already have our partner that was waiting to see the results (Sumitomo / Glencore / Mitsubishi) and they will split the capex with us.

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