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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: Random Thoughts
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Feb 14, 2014 01:07AM

So, RT, I tend to conclude the same as you but why earn back 75%, pay 20M, drill a few holes and then shelve the project? The only thing that comes to my mind is they will prioritize elsewhere and can afford to wait for a partner at their terms and price now that they got everything for next to nothing, there is no interest in rushing things here... Unless someone can prove me Teck has no other options but to buy SC with haste no matter what.. IF its really whats going on, Teck shelving us, I hope we go into hibernation mode to keep expenses at a very minimum... imo

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