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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: Stock going up
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Mar 24, 2015 07:51AM
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Mar 24, 2015 01:08PM

Teck can now easily change everything to conform to the reg's

This is the letter I posted last week, but I don't believe it is a good thing or just a simple matter for Teck to change.

The letter states that Teck has to re-do the AIR, or the Application Information Requirements. That is the document that the entire EA is based upon. It has been submitted already by Copper Fox but now will have to be re-done.

As well, Teck will have to produce a complete report justifying why it is using wet tailings, if that is still the plan. They have to examine all the other options and show the costs and explain why their choice is best. This means a whole report that needs to be produced before they can re-do the AIR and before they can apply for the EA.

Also, if you read the letter, the BC EA people are saying that it is going to take them another year to work through the results from the study of Mt. Polley and there might be further environmental amendments.

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