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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: Optimization studies
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I'm going to expand further on Prospekt's comments.

Do some of you still think that Teck is "reviewing" SC? And that the current FS was not "approved"?

-Teck approved the FS. They OWN 75% of SC. They are looking at this project in every way possible to improve the economics and that it'll take the least amount of capital/financing risk to bring SC into production. They are not saying SC is not good enough. Imagine building a house, are you going to just build it as what your builder decides? or are you going to check every cost, every detail in deciding if this house will pay off for you in the future. And most importantly that you can afford to pay off the debt later on. The last thing Teck wants is another Baja.

Our share price reflects the entire metals/commodities market in the past year. I love it when there were a lot of people who before complained that insiders can sell of this project for cheap and who cares about the retail investors!! I remember some people said Elmer has the lowest cost averge of all the insiders. Or their averages are so low that 80 cents would make them a lot of money! Well...guess what? you can currently buy it cheaper than anyone of them.

Back to topic again. First Yellowhead mining require outside engineering consultants to REVISE their old FS. I don't think they are capable of bringing Harper Creek into production by themselves. I would assume they will need to find a partner later on.

SC on the other hand has a partner, it's Teck. They own this project. They are capable of bringing it ito production. They are reviewing over the study. They took over the EA on SC already.


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