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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: Converting the waste and scope of its size

We're talking about SC here. What about all the rest of the property in the "District" that Teck got along with their 75% buy-in? SC is only, what, 15% of the property Teck now owns? In my mind, all that 85% property left in the District is "inferred" also based on the surveys and drilling done by CUU over the years, Elmer is the Geologist, and thru past experience, he has pinpointed this District, most specifically in his limited timeframe, Schaft Creek. It would take a lifetime to do what was done at SC to the other 85% of the "District". Thats what Teck is looking for, a mine that could produce AT A PROFIT, for the next 50 plus years. The inferred will eventually be regarded as measured and then indicated. After the mine is in production, who knows how much of the ore will then be considered RESERVES, instead of M&I (measured & indicated). JMHO, koala

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