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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 withdraws it's EA application for Schaft Creek

Apart from some nice maps and detail on the tailings and pit outline in the summary, there's nothing else in the AIR except a massive list of the data and information that CUU would provide in the EA once the AIR is accepted. Teck has indicated they are working on the project but a significant scope change from the information provided in the summary has occurred, so pulling it makes sense. The size of the follow up project will fit the best economic model so I don't see an issue there whether it's smaller or not. I'm pretty certain it won't be bigger than proposed as 15 years is already too short a timeline. Normally projects are scaled to deplete the reserves in a 20-30 year timeline since that is the life expectency of the equipment. Proceeding with project development will have a bigger impact on share value than the size of the project.

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