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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: Teck sells another asset
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What if CF sells SC based on the NEW NPV economics of the optimized project and cashes the $1.135 B cheque and considers a special dividend. What are you going to say then about the value of CF? Like, 'The cash is not really an asset'??? Unreal!

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If CF sells SC based on the NEW NPV economics of the optimized project for $1.135 Billion it sure won't be when we are trading in the teens.

Our SP will be brought up well in advance of a purchase if we in fact do get such a princely sum. I would even say that will happen no matter what price we are sold for - optics and market acceptance will be key - especially now.

If Teck is going to shell out that kind of coin they are going to make themselves look like heroes, IMHO.

And to get to anywhere near that number the markets/metal prices will need to improve dramatically first.

Teck just auctioned off a bunch of heavy equipment from Galore for a song. Does that sound like they are going to immenently move on SC? Why sell it off when it is right in the neighbourhood of SC and immenently going to be needed? The equipment was almost new.

So Teck is going to go against all previous guidance and development roadmaps, going to leapfrog everthing and spend 1.35 billion just to aquire our 25%, not to mention spend 3+ more billions in CAPEX to build the mine, when thier debt rating is junk, markets are in the toilet, metal prices low and they are trading under $10?

Really? Common sense?

Please explain...

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