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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 webcast today

However, why would Teck be wanting to do a deal got our 25% portion if they don't plan on going to production within a short time?  They might as well wait in that case.

Why would Teck make it look like SC is a project worthy of production and in doing so increase 10X the price of our 25%?

Why has Teck drilled only a couple of holes in eight years and has never acknowledged our Bankable Feasibility Study, although we hear rumours about and get charged for desktop study after desktop study with never a conclusion or economic update ever from the operator in charge of this venture?  Notice that Don NEVER EVER mentions Schaft Creek even when being asked for updates on each project in Project Satelite.  He seemed annoyed and dodged a direct question about how valuable Schaft Creek semed to be.  Completely dodged the question, saying "Well yeah gold prices are up...." and moved quickly saying no more. 

That's not ""venturing" in good faith, that's not being fair to your partner, that's covering up!

Teck knows what they are sitting on.  Teck knows, but wont admit to, the superior risk return profile so it is not in their interest to publicize its bonanza, because they want it all as cheaply as possible.  Until Teck takes their knee off our throat the market will not acknowledge any value for our 25% of SC within our stock price.    

My hope is that the PEA that Copper Fox is doing independently of the SCJV will be used to either;

Prove to interested Majors the value of taking over 25% of the SCJV,or
Prove the legitimacy of a suggested FROO delivered to Teck
Prove to a judge that Teck owes us hundreds of millions for not playing fair

Either way, so glad that action is finally being taken.  I hope Elmer and Ernesto leave no stones unturned in approaching, courting, and selling a great number of majors on this upcoming oppportunity.   Create the suspense, the anticipation, and then whammy deliver fantastic PEA economics and let the auction begin.  

JMHO


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