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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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...then you put the for sale sign, then you wait, then you negotiate, you see what I mean? And if Teck waits to announce its decision and lowballs us, will another major step in and offer to buy our 25% not knowing Teck's intention?

That's not how it works in our case. We take the drill results and incorporate them into our RE, FS data then establish a fair value based on recent market sales, and that would take 2-3 months.

Then we offer to sell the 25% to Teck for whatever price is determined. Teck either accepts or turns down our offer within 60 days. After that, if Teck turns it down, we have 6 months to go to the market to sell the project away from Teck. At that point Teck cannot interfere so long as the deal is as good or better than the one we offered Teck.

So, yes, it could take say 5 months minimum starting in January if Teck takes the full 60 days (or less if they are ready.) Or, it could take longer if Teck doesn't take the option, but we would be in a position of greater strength then because Teck wouldn't have any first right of refusal over us. I would think the most likely scenario would be that Teck would accept a reasonable offer, and would probably pay slightly more than anyone else anyway.

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