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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: My opinion

Thanks for your note. I think there are also a number of things that really add to the package deal which Teck will have to negotiate for: the agreement for Port of Stewart, the NTL, etc. Heck, I understand that there is a part of the access road which I believe is not part of the back in. Teck cannot afford to be cheap with us or Ernesto. SF

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