Hey JJ,

You think those valuations are too good to be true but if you look at the overall picture of SC it continues to get bigger and bigger. Forget about the outdated NPV. Do not base your evaluation on the current BFS which is going to be updated and revised anyways after the 2013 drill results come in. Our BFS is not realistic, once you remove the 171 MT waste, amongst the other improvements the NPV is very different and our management team understands this. In regards to my question below I specifically ask Elmer about SC's "monetary value". By definition it means "the property of having material worth (often indicated by the amount of money something would bring if sold)" and nothing to do with trading patterns. You can google that term, and I am sure Elmer understood my question as he could not comment directly to it as that would be illegal. I will be completely honest with you JJ, I was expecting zero comment on that question as I was just curious to see what he would say. I expected Elmer to simply say "I can not say", or "I am not sure" or "I can not respond". So you can take it as it is or what you feel or think he was tying to say but I believe my understanding of the comment below is valid. I honestly believe he was hinting at me when he told me to look at comparable transactions for large copper projects. The mention of "transactions" to me means the price paid or the exchange of money received for a product, that being a mineral deposit in our case. Also, if he really meant to tell me we are worth more than we are trading he could have simply said that in his response. To address your other concern: you say to me that Elmer never mentioned "these comparables", only that I cited them. Yes, you are right I did cite them based on the advice of Elmer who told me to look up past transactions of "Copper projects" of large scale so I can get an idea of SC's potential worth/value. There were 3 large projects that I could find that were sold in the past which were:

-Cobre

-Las Bambas in Peru

-Quellaveco- Misubishi takes 18%

These were large copper projects that sold for billions with similar resources and grades. Yes, they might have had different NPVs but wait until we update ours. Lastly, you said these were all sold in the Bull Market, sure they were but this is why Elmer wants to wait until the Marco picture turns for the better or until the mining industry picks up a bit. Now I can email Elmer back regarding your concern but I think that would make it too easy to evaluate the monetary value of Schaft Creek and he may not be allowed to address specifics. Teck may have him in silence mode when investors ask these type of questions, and that is why I am happy with the answer I received.