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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: Vette's Blog
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Apr 09, 2012 04:33PM
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Apr 09, 2012 04:36PM
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Apr 09, 2012 04:45PM

Apr 09, 2012 04:46PM

Apr 09, 2012 04:48PM
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Apr 09, 2012 04:57PM

Apr 09, 2012 04:59PM
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Apr 09, 2012 05:05PM

Also from Vette's blog and confirmation that it exists.This info had to be available to someone and I'm sure cuu management knows all about it.

Another reason why I believe they will take us out entirely so they can develop the project on their own timeline

Teck must also bring Schaft Creek into commercial production under a 4 year time limit or lose all interest. This is currently an impossible task (Not having any control could make it even harder..)

** (This 4 year clause is in a non public underlying agreement that dates back to the 1960's between Hecla, Asarco , Teck and now Copper Fox


Apr 09, 2012 06:13PM

Apr 09, 2012 06:19PM
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