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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: Amazing

The RE numbers from that press release and the FS are identical(see table 1.1 in the FS). The RE has the input resource data used to determine in the FS how much can be extracted economically with an appropriate pit shell design. The metal hasn't gone anywhere but rather not all of it can be extracted with this mine plan. This is a typical outcome of all FS reports where you usually extract about 60 -70% of the RE(M&I only, no inferred is counted by anyone) unless you luck out with a favourable geometry on the orebody. We will probably see very different numbers from Teck when they are done with the optimization and probably lower numbers with a focus on the Liard zone. That won't be a problem if we get a clear indication that Teck will proceed with positioning SC for a pre-sanction status. So , when we we know that they drilled 3 or 5 holes? The implications are important.

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