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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: Teck 'talks Turkey'
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May 29, 2013 10:35AM
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May 29, 2013 11:13AM
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May 29, 2013 11:25AM
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May 29, 2013 11:28AM
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May 29, 2013 11:33AM
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May 29, 2013 11:56AM
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May 29, 2013 12:06PM

I more or less agree with all that but having a mutually agreeable timeline isn't really what we wanted from a 4 yr clause. We wanted it to force Teck to buy us out and free itself from that time constraint. So while we may have enough remaining purchase in these agreements to prevent the project from being moth-balled, we can hardly have faith that the terms will force Teck to buy us out in order to free itself from the 4 yr requirement. That is my point going back to what Golfyeti originally said about the 4 yr clause being a real factor/catalyst in the evolution of this deal/back-in. The 4 yr agreement really doesn't do much for us (given what we really know about it).

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May 29, 2013 12:24PM
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May 29, 2013 12:26PM
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May 29, 2013 01:43PM
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