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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: VD value

The RE and upcoming PEA will add value but still isn't nearly equal a full blown FS.

I doubt we're going to get to the FS stage, or even attempt a FS. It should be possible to sell this off with the PEA alone because one of the several nearby mines could absorb it into their infrastructure easily. They would also know the costs because they are doing the exact same thing nearby. It's not the same as Schaft Creek with so many variables and unique attributes. Anyway, I think that's the intention to try and sell it off after the PEA is produced. It might just be a matter of BHP, or whomever, deciding whether they want to take on another project or not, and whether they want to pay our price.


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