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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: Re: Fair value for SC - what might we expect from EE?

In my humble opinion MK's numbers are very realistic. The current value of our 25% is mid $200 million dollars. I can't conceive of any enhancements, drill results etc that could increase the value by more than 300%. Teck has slow played the value for over a decade. Highly unlikely they roll over at this stage. ROFO problematic without any greater numbers and would take a long time and cost a lot of money. Naturally if I am wrong (again) and you are correct I will be very happy with the result. 

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