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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 annual form
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Feb 28, 2018 08:58PM
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Mar 01, 2018 02:38PM

To be fair I think Teck's idea of "care and maintenance" is that no mine contruction is going on at present. The property is being maintained and work is being done but there isn't a definite plan yet. Teck is notorisouly closed mouthed about everything they do and most of the time, when they tell you the plan it has already been completed. Unlike a venture company with nothing to lose they don't rush to promote or tell stories and don't make promises they can't keep. Their bottom line is just that, the money. Since CUU doesn't make any money the only thing holding us here is stories and we have heard a number of those. Teck gives away more in charitable donations most years than their total investment in the JV and I would like to see a better commitment. I can't understand why CUU would sign a revised JV giving up everything including time lines and I doubt very much we will ever hear the real answer but it would be nice to hear some sort of decision. Teck backed in on the new (their) terms for a reason but they don't say much and trying to get the truth on anything from CUU is to me, hopeless.

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