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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: Timeline and delays

Feb 21, 2012 12:02PM
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Feb 21, 2012 02:21PM

They can't hang onto it when it's ready. They have to release it in a timely manner. They could delay for short periods while they compose the News Release or other little tasks but essentially not for long.

There is no advantage to doing this either. They need to get the Agreement triggered for those 120 days for Teck. Other companies can look at us now all they want and will do nothing until Teck declares what they intend to do so they will have lots of time to read the Feasibility while Teck makes its decision.

The Feasibility is going to be out of date on the day it is released. This is because the new drill results from 2011 will not be included. So the Feasibility won't describe the full extent of the project. It will help with defining capex costs.

We need to start that clock with Teck and get their decision behind us so we know what we own.

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