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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: Timing on Purchase

Those were supposed to be here Monday. The backlog is down by 10 days and should be reduce 2 weeks next Monday. By the end of next week the labs should be gaining ground as the rush season wraps up. That still puts results coming in during the month of March. We may even see drilling start before the last core gets to us. (Assuming we are not building a mne with Teck).

On that subject: Teck has to earn back in and we call the shots after the bfs is dropped and the option is declared. We do get to drill while they wait and think it over. It's a crap shoot for Teck and the odds are loaded. I think they declare early. I also think we have declined an early hint at a price. (An official offer would have to be declared). I think Elmer and co are digging in. Our legal fees suggest that. We have to ask ourselves why there's no guidance in leu of the full contract? Who doesn't want that public and why? They can't say it's too complicated because they would issue a guidance. No one will comment the least on that subject. We would have to search the registry of Alberta to try obtain a copy.

It's my opinion that Teck has the upper hand in the first part of the contract and it appears we have the upper hand in the second part. Part of that is public ie the earn back in. I'm betting we have a realistic opportunity to go mining and that's what is being withheld. Teck would not want the public to know that. Elmer and co would not want to be tied to the yoke either. Yes they could force the sale but they don't like the optics of that. It's time they fess up.

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