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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: Technical Report

From slide 80,which was corrected " Completed technical work required to update the resource model and attendant resource calculation in Q2 2017. A formal technical report is expected in Q1 2018,  ".

Elmer has been sitting on the results for over 6 months. Only Ernesto gets to know and the rest of us are shut out. When Teck completes a formal technical report it is NI 43-101 compliant and all of those reports as posted to SEDAR are feasibility level studies, even if they do not label it as such. That explains to me why Elmer's Feb 02, 2017 press release mentions updating FOREX, operating costs, capital costs etc. which aren't required for a resource estimate. They are required to calculate reserve estimates. The information from Teck also explains why there hasn't been a press release from Elmer. If he has to wait for Teck to release the report then he has no control over when that happens. And people ask me why I don't call the office. The good news is once the report is out then a sale of SC becomes possible. 

 

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