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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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Only Teck can make the decision to proceed with a pre-FS as operator. The JV only allows for a FS anyways, which is not surprising given the amount of studies done to date. They should be able to proceed directly with a FS without  a pre-FS in between. 

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