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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: Incremental demand for copper in China

Golf, fyi, Fort Hills is expected to be the lowest cost producer in the Alberta oil sands. Hardly a low margin oil sands producer. Teck made the commitment to Fort Hills when they had good cash flow from existing properties.

If we consider why they sidelined (delayed) advancing Schaft Creek the last couple years I will use the analogy; if you lost your job and had no income, would you be in a position to make a large investment?

I think Teck knows what they are doing. They have to adjust plans and forecasts with the boom and bust cycle of commodities.

JMHO, Radagast

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