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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: Teck Earnings
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The wording is copied from the JV agreement in section D. Most other aspects of the JV are different from the Salazar agreement, which would have required Teck to fund 4 times the expenditures already made by CUU for any additional work(with the 75% option). No money would go directly to CUU under Salazar, so they negotiated for some cash payments under the JV. Whether is was a good deal or not is another discussion.

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