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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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..."but I think the gameplan for Elmer and co. is to take the results from Teck. Figure out the value through 3rd party and within their own economic models. Then they would consult the BOD and present it to Teck that they are looking to sell. They are happy if the offer is within this price range. Teck will then have to decide to whether to match it. If not, we will go shop our 25% interest around."

This is my sense of what will happen. When I last phoned the office I was told by Lynn that Moose Mountain is "at the ready" for what is coming. I understand that this would be to evaluate an offer by Teck or the optimization results. So if its the optimization results, and if what Prospekt has said is true, these results can be made public and if I have this right then we will know about them and the impact on the FS economics. Inputting this info into some spreadsheet at Moose Mountain should then provide some kind of value estimation to shop first to Teck, and beyond if necessary. I don't expect the number crunching to take too awfully long, but I have no personal experience in such matters.

Prospekt also brought up another intersting item the other day and that is shortening the project execution timeline recommendation from the FS. We haven't heard much about this....but this isn't trivial if Teck wants to meet its publicly stated copper goals.

K

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