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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: Drilling to increase value, WHY ?

Why the rush to drill and increase the value of this at Teck's expense ?

They already have paid for the project basically and can move at their own pace so what makes you think they want to rush to prove up the FS ?

Sure there is a drill plan in place but I would be willing to bet that was made part of the JV agreement.

Who gets to chose were to drop the holes ? Teck has final say and what if they deccide to clear up some uncertainty by drilling somewhere more in question then someplace more likely. The east side is a big area.

I am also willing to bet that the money in the bank account doesn't go anywhere, because Ernesto as a backup will want it in the bank in case this project is shelved.

This is going no where fast regardless if the cycle is at a turning point. You still have mining construction costs way to high and I believe Teck will wait for those to start dropping.

Of course all IMO

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