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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: Teck takes massive write-down
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The impairment on the coal assets was expected by the market as reported yesterday. Now it's time to move forward with Schaft Creek. THe optimization studies will provide all the data required to book the reserves and add them to the balance sheet. The market wasn't too disappointed by the news as TCK.B is up a little in early trading.

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