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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: Third Quarter Results - MD & A

I don't know, Zaldivar just sold and had 7 potential buyers, including Teck. That's for a producing mine with instant cash flow. NW BC is a good region though and if Teck can improve the numbers significantly there might be buyers wanting to join them. Almost everyone agrees that there will be a copper shortage within a number of years—they just can't agree on how many. Over time though we've had calls from China and India. There could be a buyer who is happy to let Teck take the lead.

I was listening to thea CEO from HudBay on BNN and he said 90% of all-in sustaining cash costs for the industry are above $2.50-$2.60. Ours at SC is currently about $2. To be safe we might need to get that closer to $1.50 to look good in this market. Still, even now we're below 90% of the others.

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