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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 Corporate Presentation: April addition

The way I see it is Teck just cannot put off its decision to proceed indefinitely. Sooner or later it has to inform all relevant parties that it either proceeds or shelves the project. BC Hydro has to know what its intentions are so that it could make the necessary arrangements. Long lead items must be ordered asap if this is to be built when Cu prices peak in the next few years. And our JV agreement signed in good faith with Teck demands that they inform us of such.

Imho, we will know of Teck's decision soon enough by summer. Either one of three things will happen imho- 1. We get a suitable offer from Teck to take us out ( most likely imho ) or 2. A partner of Teck's choosing makes that offer or 3. Teck announces it decision to go ahead and we then shop around our interest to the highest bidder.

Teck's delaying its decision so as to wear us out is unethical and also would breach our JV agreement with them which was signed in good faith with the understanding that they would do everything to expediantly arrive at a positive production decision.

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