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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: Lacasse target

" at some point Teck also needs to decide to fish or cut bait"

That's precisely what I'm waiting to see from Teck. Right now the Lacasse target can add another reason for Teck to continue development of SC. That area is north of any infrastructure so it shouldn't interfere with the current mine plan. Hole 427 had low moly but better gold grades then Paramount or Liard so Teck may want to do more work there for future phases. Right now I'd like to see the SC reserves booked by Teck, the 2015 work plan announced and a decision to file the EA. I don't expect these things to happen until March but maybe we'll hear some indication from the next JV meeting. Filing the EA would be a milestone event. It doesn't mean a production decision is definitely following but it does mean SC is a contender among Teck's other projects.

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