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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: New Prosperity Mine vs. Schaft Creek Mine

We are always speculating about Teck buying the 25%, but they could easily bring one of their partners that could buy us out for a couple of billions.

That way, Teck can spend some money on other acquisitions and doesnt need to invest that much to own 75% of a running mine that will generate money for many decades.

They got us for peanuts and need to invest around 3billion maximum to develop a mine that will be paid back in less then 5-6 years.

MoneyK

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