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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: NPV of cashflows

More numbers about Liard which I hope should clarify things but might confuse.

Currently Teck has a 75% overall interest in SC and we have 25%.

Teck/CUU have a 78% interest in Liard. Liard has a 30% NPI in SC.

CUU has an extra 1.5% interest in Liard.

What I think this means is that the revenues are split 75/25 between Teck and CUU during the payback period. Subsequently, the NPI kicks in and we split the revenue 70.5% Teck and 23.5% CUU and the remainder goes to outside parties.

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