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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: news timeline
2
Oct 20, 2014 02:19PM

I called the office. The NR is written and has to be approved by Teck and IIROC. No idea of when it would be released. To clarify, that is the normal steps that are taken but I don't know if it has actually been written and submitted yet, although you would think so since it has been four days.

I have to say that I don't think Teck made an offer to buy us out at this stage. I don't think they made a production decision either.

If there was a buyout offer then the BoD would have met and it would have been released very quickly. So it looks like no offer.

I just don't think they've had enough time to make a production decision either because they just finished their field work in August. I don't know how they could have incorporated that data into the optimization studies within the month.

They would also have to talk to BCHydro, the Tahltan and the EA people. I'm expecting Teck to actually cancel this EA application and start again with their own which has to be updated.

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