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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: Plan "B"
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Jul 23, 2013 12:02PM
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Jul 23, 2013 12:13PM

Vette said, in part:
"Teck didn't walk, they're paying, CUU's cashed up AND in the ''buyout zone'' with a ROFO while Teck doubles our value shortly."

Is 'shortly' the new 'soon'? (hehehe)

Vette, I hope you're right. With the old agreement traded in for a new one we've gotten rid of the time constraints which provided everyone with a reason to invest in the first place. And all without CUU seeking shareholder approval for what I would consider to have been a material change. Yes, I know there are advantages to the new agreement, and thank you for articulating them. But notwithstanding the announcement of the 'Summer 2013 Exploration Program' I can't think of any reason why Teck would now want or need to hurry. I'm open to being enlightened.

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