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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: shareholder value

In my humble opinion CUU mgt has Teck in an uncomfortable position which is very rare for a junior. Teck must be mindfull of a hostile takeover while the language of the CUU jv is absolutely not to their benefit. I suspect that the agreement has been veted by numerous lawyers on behalf of both parties, and as Vette states gives CUU's 25% absolutely %100 control over both Shaft Creek and the other properties. The size of the deposit/district may not be fully known for decades to come. Teck buys at E & E's price or faces the possibility of not meeting legally binding contract conditions...Fail, or risks the posibility of having a very large/major partner who assumes CUU's position and highly favorable contract. These are truely exciting times for us as the BFS accelerates Tecks obligations......Kerry/kcopper9

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