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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: Just spoke to Lynn - 4pm
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NPV comparison - I'm still disappointed by this. Yes, we will very likely be a mine one day, there is upside that is not accounted for in the BFS, and there will very likely be a buyout in the next few months.

I had just hoped for the 2012 BFS numbers (+plus more intangible upside) to be better than the PFS 2008. Teck and CUU both know many things that we don't (e.g. how much Teck will pay for extra unproven lands), but the numbers themselves don't seem amazing given the 2010-11 drilling and revised RE 2012 with silver. Time will tell, and fortunately we won't be waiting years to know what we're worth now that the clock is ticking.

PFS 2008 - $4.6 billion NPV5

- $2.76 billion NPV8

BFS 2012 - $1.69 - $2.67 billion NPV5

- $513 million - 1.38 billion NPV8

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