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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: While we are reduced to Navel Gazing

Maybe it's not a question of price, but more the complexity in the current covid environment.

What if Teck wanted to sell Zafranal & San Nicholas and include Schaft Creek in a big satelitte news release once everything is finalized.  One sale could affect another sale and Teck might not want to show their cards until they have a full house.  Those transactions could involve many different parties (Teck, Copper Fox, purchaser(s) for Zafranal, purchaser(s) for San Nicholas) which could all have their own challenges these days.  If one of them is not ready, this could have an impact on all the others.

Also, if Teck is looking to advance SC with a partner, they will probably want to have advanced discussions with him before making a move.  That's other stakeholders that could be part of the dance.

Now this being said, they could always complete the report, but Copper Fox would then get a lot of pressure from shareholders to pull ROFO on Teck.  Therefore, the best solution seems to be continued delays until all the stars are aligned.  I'm not sure what else could be a better solution.

IMO.

MoneyK

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