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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 annual form

It depends on what E&E are waiting for in order to sell the SC asset. They have no leverage in the JV so they may be waiting on external events. One could be good economic results in the desktop studies. Another could be activity at the neighbour project , Galore Creek. I note that the proposed spending at GC has increased to $ 6 million this year. Plus Teck put this very interesting statement in slide 97 Project Satellite Update(J.P. Morgan conference): Evaluating various partnering options for Galore Creek. Any strong activity or acquisition at GC will give us a boost. I've long been of the opinion that Teck should promote in a money partner to take out Novagold's 50% of GC and Copper Fox's 25% of SC. There's a lot of copper and gold in a combined project. Looks like Teck is working on it.

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