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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: Teck Quarterly Reports

A one-sentence notice of SC in their report: Focused engineering studies continue for the company's Galore Creek, Schaft Creek and Mesaba projects as the company further explores ways to enhance the value of these projects.

They also said this about their copper costs: Teck now expects the company's copper unit costs in 2014 to be in the range of $1.90 (U.S.) to $2 (U.S.) per pound before margins from byproducts and $1.60 (U.S.) to $1.70 (U.S.) per pound after byproduct margins based on current production plans and exchange rates.

Quite a bit higher than Schaft Creek even with this FS.

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