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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: JV meeting
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Feb 06, 2017 09:22AM

Hi, Stroef:   Your comments are completely balanced and appropriate.   Yes, I am a big supporter of the company and Elmer.   I haven't sold a share and even used the one-time dividend from CUU to buy more.  I also recognize the importance of waiting for better market economics.   That said, the optimization study was to be completed so that we could "monetize" Schaft Creek. That was three years ago.   I'd like to have a clear answer on what needs to be done associated timelines to sell Schaft Creek, so we can move on.  The other answer is that we can't sell at all, that no one is going to buy our 25% when we are at Teck's whim.   Cheers, Stockfriend

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