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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: Question and Answer Colin

I don't doubt some of the time was spent on back and forth interpreting how to calculate the royalties. Each party must also do their own pricing estimate and strategy before entering negotiations if they have gone down that road. There are at least two other issues that need be sorted out before Sep 21. When can Copper Fox release the PEA results and how will Teck describe the SC project on Investor Day compared to their view earlier this year. 

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