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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 withdraws it's EA application for Schaft Creek

I really think the best we can hope for is an updated RE because they would need that, I think, to move forward with the AIR and eventual EA. Plus, they probably need a new pit plan. It's a do-over.

I think the reason they are going to go smaller, not larger, is because the grinding mill (or whatever they call it) can handle 90,000 t/day. I think the plan will be to stick with the one piece of machinery and maybe plan to add on after the payback period. They'll want to lower their upfront costs and use revenues to increase size.

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