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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: May 23, 2012 Resource Estimate - 10 Billion Lbs CU, 10 Million ouces GOLD MI&I

If we're told that a revised RE is needed then the proven/probable reserves are no longer valid. I dont' know when references to those numbers have to be removed from the website to comply with regulatory requirements. First the RE numbers have to done and then a revised FS needs to follow before new 2P numbers can be released. They can proceed with a sale with just the RE numbers.It shouldn't take long to redo the RE given the amount of work done and if Teck has their team assigned to do it in a timely manner. I have seen no evidence that Teck has given any priority to SC so far. A lot is ridng on the remodel results and the last thing we want to hear is more delays with uncertain delivery times.

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