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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: JV Meeting
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Oct 07, 2014 03:56PM

Reposting Prospekt's post from a few days ago. I feel it's important that we have this JV meeting coming up and it'll show the value of SC.

I believe the JV meeting is scheduled for October 15.

I'm looking for one of three things, in order of preference:

1. Buyout offer,

2. Production decision,

3. EA application.

The optimization results would be great but I'm not sure they are enough. I don't know what other work Teck has to do before they make a decision. After optimization they usually enter the production period, and exit the exploration, or what?

I feel that after the meeting, CUU will get their own ppl and figure out the value of their 25%. Then they will use the FROR to see if Teck is willing to buy their share. If not, CUU will begin shopping themselves to other parties.

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Oct 09, 2014 02:51PM

Oct 09, 2014 03:46PM
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