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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: Zafranal
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Teck was looking for $500M US a couple of years ago for their 80% share in Zafranal.

It now has 1B after-tax NPV (8%) value, but with copper at $3.50 and gold at $1400!

They were probably looking for 75% to 100% of the after-tax NPV (8%) a couple of years ago when LT prices for copper and gold were lower.

They also still have Billions of tax credits available in Canada.

IMO.

MoneyK

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