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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: Potential Initial 12 year mine life: Explanation

Thanks YM for your post. I agree with your thoughts. I spoke with Elmer last week for about 30 minutes and he answered all my questions and concerns. I believe we have a huge asset waiting to be monetized. This is how I see it:

Teck will complete their optimization studies around Q3 this year in order to have a clearly defined and detailed report that whoever comes in to buy a percentage of SC will not be able to contest. Teck will submit the EA and get approval by Q2 2016. At this point if the global macroeconomic environment for metals is copacetic, Teck will bring in a buyer of their choosing for approximately 50% equity in a double escrow sale that will give us the price ES and EE want and cover all of Tecks costs to date. JMHO, that's the way I would do it anyway.

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Feb 19, 2015 11:46AM
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Feb 19, 2015 11:52AM
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