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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: Vancouver Resource Conference
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Jan 18, 2015 09:42PM

Thanks for the report, endoftime. I'm sure many appreciate it.

The 10-15% revenue sharing with the Tahltans was new information for me. Maybe this was common knowledge for others with a greater understanding of the project - but that stood out for me. 10-15% off the top is a lot. For those who are more intimately familiar with the FS, was this in there?

I had wondered previously why the Tahltans were so strongly supporting this project - I guess I have my answer. If I am understanding this right - they would receive roughly half of the revenue stream our share would earn without any financial risk, commitment or payback on share of capex? Would the new treaty increase or decrease thier profit share?

I had previously thought they were on board because they wanted high paying construction and mine jobs (still is likely a carrot too).

Considering the small population of the Tahltan Nation, this would allow them all to live comfortably if the profit was given to the tribe members.

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