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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: Teck's cost per LB.
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The drilling expenses would be paid back by TCK in multiples in the end; so why tried to save money for TCK at the expense of CUU shareholders?

The drilling expenses might have been paid back in multiples in the end, but the dilution would go on forever.

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