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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's BMO slide presentation along with Project Satellite Summary is up on their website.

Teck is finally releasing their resource number for Schaft Creek, which I will confirm when the Annual Information Form with the reserves and resources is released, usually in the last week of February. When the Teck resource remodeling results were announced by Elmer last year he didn't have any numbers but indicated there were not any significant differences, which is correct. We weren't mentioned in slide 15 as a future value catalyst. We still don't know if a NI43-101 report(preFS or FS) will be the next step for SC or the outcome of the staged development options. The timeline to get to this point indicates Teck has not had a full time development team working SC but rather a part time basis when there is spare time from higher priority projects. There's no indication when they will finish the work Elmer had expected for the end of January. 

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