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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: This Week

Not sure how Teck shareholders would react to a positive production decision at SF at this particular time... Timing is not on our side

Timing has been cruel to us all along.

They aren't going to make a production decision when they won't even register the reserves until they've finished their optimization studies. They might not make a production decision until after the EA is approved, and it is not even applied for at this point.

I think the best we can hope for is an update on optimization and a good work plan for this year. We're expecting a bit of further drilling, I believe, so maybe an idea about how the rest of the year is going to roll out.

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