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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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Bad News: "Projects & CapEx being deferred"

This does bring up one of the benefits of Schaft Creek: Teck has a controlling interest. This is very valuable to Teck because then they can choose to defer projects when necessary. Don Lindsay spoke about this recently.

If you look at their pipeline of opportunities they are exposed with GC because they own 50% so they might get a keen partner that wants to push ahead with an ambitious plan (although I really, really doubt it given how the sale is going.) Something called Zafranal is also at 50%. Relincho might be the most problematic for us because they own it 100%. We should see what is happening with that when they put out the Feasibility soon.

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