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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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Best advice I've read on this board. After a decade of waiting I still see potential for a positive production decision, sale of assets etc, and the recent share price rise has been welcome. But nothing is guaranteed. To catch this copper price upturn we needed a production decision 2-4 years ago. Hopefully it will run for a few years yet and Schaft Creek has potential to be a multi cycle asset. Teck is likely always to have a number of competing projects in its pipeline at any given time and only so much capital to deploy.

 

Back to waiting.... 

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