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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: JV Meeting

I go back and forth on this one: Will the shareholders know the optimization results before any buyout?

Imho, management could have released some info on the progress made ( for eg. partial drill results for part of the inferred in the 171 Mt of "waste" rock or some metallurgical tests results known to date of some of the material etc. ) But management chose to release nothing and this tells me that Teck is keeping a lid on this.

I can't believe that Cuu management went to this J/V meeting and was told nothing about the progress made thus far. They were told something and, imho Teck also told them to keep it quiet for now as they or a partner of their choosing has a definite interest in acquiring our share of SC. Otherwise, for Teck to ask for a delay and then tell us nothing is really acting in bad faith and disrespect to the spirit of the J/V agreement.

So yes, imho, we will probably never know the optimization results before any buyout occurs. But if this happens this way I would think that Cuu management will shield themselves from any legal liability by hiring a third party to assess any buyout offer to make sure they are getting a fair deal.

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