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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: Drill program: Opinions-golfyeti
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In my mind that's the biggest danger we face. Namely that CUU management are overly aggressive in their price expectations and consequently drive Teck from the table. It's quite possible to imagine a scenario in which CUU decides that rather than selling 25% of the resource why not sell 100%. In the first instance we would get 4 times our expenditures plus a value for our 25%. In the second we would get an amount for 100%. If we get more than approx. $400 million for the 75% we would be ahead. Problem it might involve more drilling and more negotiations which could drag on for more than a year. Don't know if this is likely or am I dreaming. (nightmare-depends if you can wait or not).

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