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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: QB2 vs. Sumitomo
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From Teck's latest presentation, seems like Sumitomo's contribution for QB2 is now projected to be around $US1.9B? 

30% of the QB2 capex is now expected to be (5.2B x 30%) = $US1.56B, so they will pay a 22% premium above the nominal value.  That's a good 350M increase compared to the initial announcement.  Not negligeable.

They (or any other buyer) would not need to worry about cost inflation with our 25%...

IMO.

MoneyK

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