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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's buy back plan
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Dec 05, 2020 09:52AM
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Dec 05, 2020 05:38PM

If they bought us for 1 billion for example, say teck shares are up at at $30 or more

About 18:1 share exchange

if they bought 30 million shares around $10 = $300 mil to purchase our 25%

If they bought at $15 - 450 million to buy our share, buy at $20 - 600 million, etc

Can you imagine the deal they get if for 300 million...then they have no obligations to fund etc and can sell our 25% for over a billion.  Or maybe they sell 50% for over $2 billion and use that money to fully pay for their half of developing the mine

So 50% ownership of a long life fully operational shaft creek for teck with no money spent....that would be impressive 

 I hope my math checks out :)

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